9/11 Again

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Re: 9/11 Again

Postby JE Pettibone » Tue Jul 31, 2018 1:58 pm

Ed: Many economist will tell you that this recent slight rise from 3.8 to 4.0 is a good thing. As a consistent rate below 4.5 tends to create inflation.
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Re: 9/11 Again

Postby Haruo » Tue Jul 31, 2018 2:36 pm

There's also the question of the quality of the jobs being created vis-a-vis cost of living etc. An awful lot of people in the United States who would have had a 40-hour-a-week job ten or twenty years ago are now working 2 25-hour-a-week jobs with the extra 10 hours of lost time for life going to pay costs like medical coverage that would have been covered under the previous sort of employment. The human reality is not readily reducible to a single line graph or pie chart.
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Re: 9/11 Again

Postby Sandy » Tue Jul 31, 2018 3:06 pm

JE Pettibone wrote:Ed: Many economist will tell you that this recent slight rise from 3.8 to 4.0 is a good thing. As a consistent rate below 4.5 tends to create inflation.


Oh, well of course it is now, since it is Trump in the White House. Increasing unemployment is a good thing. Paying off porn stars to keep them quiet is a good thing, Withholding your income tax return because of the incriminating evidence in it is a good thing. Trusting murderous dictators is a good thing. Collaborating with a foreign government to help you win an election is a good thing. As orange hair himself said, standing in the middle of fifth avenue in New York and shooting someone in public is also a good thing.

So it is a good thing to put auto workers and agricultural workers out of work in order to avoid inflation.
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