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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (75813)	10/8/2004 2:46:07 PM
From: SBHX	Respond to of 793779

The real problem with liberal economic policies such as higher minimum wage and confiscatory tax policies is that in every country that implements these things, you have increased structural unemployment --- something that explains why these structurally higher unemployment numbers everywhere else are regarded as miracles. So when Kerry says he wants to legislate/coerce higher production costs, he really is unconsciously talking about policies that have been proven to cause higher structural unemployment all over the world. Kerry's favorite model of governance : France, for much of the last ten years had unemployment numbers well in excess of 10%, and now at 9.5% in 2004. I say the partisan hacks are spinning overtime on the economic issues, and most people are probably wondering which country these people live in, to see so much economic gloom and doom all around them.

To: Ilaine who wrote (75813)	10/8/2004 4:13:51 PM
From: Ish	Respond to of 793779

<<Greenspan would no doubt credit better technology, vastly improved efficency. Computers, internet, cell phones, blackberries, fax machines, finally cheap enough for pretty much everyone.>> Technology has also slowed job growth in some areas. When I was a kid a farmer did good to farm 360 acres. Now the same guy farms 3,600 and has more time off. Construction, one guy with an air nailer can do the work of 5 with hammers. Building cars, turn a wrench or pull the trigger on an air wrench. Robots do a lot of the welding and painting.