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unemployment
Sadly, there is no recovery whatsoever
Maybe I’m out of touch (after all, I am getting on in the years), but I seem to have an old-fashioned notion of what a “recovery” is. To me, it’s when private economic activity acquires a self-sustaining momentum, where people are spending and investing and businesses are growing.
To our our leaders in Washington, however, it seems to [...]
Hong-Kong kwitnie
While America and many other Western countries suffer from high unemployment, unemployment declines rapidly in the world’s freest economy, Hong Kong. Compared to a year earlier, the unemployment rate has dropped from an already relatively low 5.5% to 4.2%, while the underemployment (people with part-time jobs that wants full-time jobs) rate has [...]
No Startups No Net Job Growth
Financial crisis, which begun in 2007 is a textbook’s example of the recession. Home market downfall, structural debt and unemployment rate prove that. Prof. Carmen Reihardt, the author of This Time is No Different, predicts that world economy will slowdown even more. And some countries, among them United States and Western European states, may face [...]
A New Trend in the Recession
We begin very optimistically with the story about the best mayor in Canada. She is 88 years old, she has been for 31 years in office and with 92 percent of the approval vote. It should not be surprising since she is convinced that taxes should be kept low. She is a mayor of Mississauga, [...]
There is no recovery on the horizon in USA
Although I’ve said it before, I still can’t believe that anybody is talking about economic “recovery” with a jobs market as bad as the one we have now. Aside from all the other data we’ve seen lately, here are three reports that emphasize just how challenging things are for those who are trying to earn [...]
It’s not that rosy picture as it seems
Why do Americans keep putting a negative spin on things? Why are they so anxious about the future when the bad news is, according to the experts, clearly behind them? Why are they so worried about their financial condition when orders, profits, and share prices are booming? Why can’t they just accept what Wall Street [...]
„Hiszpania, klucze do sukcesu gospodarczego”
W 1996 roku w Hiszpanii bezrobocie sięgało 23 procent, a dług publiczny stanowił 70 procent PKB. Już osiem lat później Hiszpania wchodziła do strefy euro, a poziom bezrobocia spadł do 11 procent, inflacja do 2 procent, a dług publiczny wynosił 50 procent PKB. Luis de Guindos, autor książki, był jednym ze współautorów tego sukcesu gospodarczego. [...]
The Effects Of Labor Unions
Tino Sanandaji has an interesting post, where he points out that the share of national income (or total factor costs) going to labor is roughly the same in countries where labor unions are strong and in countries where unions are weak. So unions do not seem to redistribute from capital to [...]
US GDP growth won’t have effect on unemployment
The past week has been full of economic events, such as:
1. The report of the Congressional Budget Office (CBO) on the budget outlook.
2. The president’s State of the Union address.
3. The defeat in the Senate of the proposal for the formation of a budget commission to recommend ways of reducing the deficits and eventually the [...]
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