Subject: Re: Nightline and Presidential Cantidates
Date: 20 Nov 1992 18:14:01 GMT
Organization: California Institute of Technology, Pasadena
Lines: 52
Message-ID: <1ej9t9INNnvv@gap.caltech.edu>
NNTP-Posting-Host: alumni.caltech.edu
In article <1992Nov20.091430.16548@mr.med.ge.com> bednarek@picard.med.ge.com (Dennis Bednarek Mfg 4-6971) writes:
>
>As someone said in replies this global recession is not
>Bushes falt and did not start with him. Well I haver to agree
>with them it really started with Nixon price and wage freeze
>to stop inflation, then when the Democrats took office and
I'm too young to remember this, please explain what this actually was.
It also seems to me that the were some pretty severe recessions in the 70's
much worse that the '91 recession.
>lifted the freeze they were blamed for the inflation.
>That brought the eara of Regeanomics which was the biginings
>of putting inflation in line by causing a US reccession,
>that has slowly grown to a Western recession.
>
>Where did the job shortage really come from. Well its
>the old story of corperate greed. Why should I hire an American
>for $30,000.00 dollars a year, when we can hire an oriental
>for $10,000.00 plus shipping costs of $28,000.00 for a total
>of $2,000.00 less profits. Even Bush said that when the US
I don't understand, that makes $38,000.00 => $8000 less profit
>wages meet the Mexican wages then Mexican yobs will be coming to
>the US. Well who can survive in the US on $5.00 an hour?
>
>
Now on a diferent topic:
If unemployment is running at 7.5% what does that actually mean in terms of
actual numbers? I know that 62% of the nation that is of working age does
work, that could acount for maybe 100million jobs (order of magnitude).
Now, how many of those jobs are civil servant oriented? I've heard figures
like 50% of the work force has government related jobs. Not all government
jobs are entirely unproductive in wealth creation, but I would have to argue
that the bulk, posibly over 3/4, are not contributing to improving the
nation's standard
of living.
I don't know the numbers, but what I'm driving at is that if you create 1millionjobs (magically) they better be the right kind or they wont help society. In
the 30's people were given jobs digging holes, and then others were given jobs
to fill them up. Your supposed $14billion gain could really cost 1mil x $21000 =
