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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (47026)12/13/2000 12:55:30 PM
From: chic_hearne  Read Replies (1) of 436258
 
I see unemployment rising to perhaps 4.5 - 5% in the next year.

hmmm, I see it going higher, and quicker.

One thing to keep in mind is how the massive productivity gains will affect things [I don't believe the gov stats, but there has no doubt been gains]. I read somewhere that one farmer can now do what required 17 farmers earlier in the century. These are the essentials; food, energy, clothing, etc. If the economy is going to a standstill with spending grinding to a halt, we simply won't require as many people to provide the essentials. Therefore, I wouldn't be surprised if unemployment gets much higher than people think it can. BWTFDIK?
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