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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (56884)	12/4/2004 2:18:25 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 74559

Swiss unemployment insurance pays 77% of the workers last salary, not the paltry amounts so common in the USA. Swiss unemployment insurance doesn't drop you off the rolls after six months and claim you're no longer unemployed, as is done in the USA. Swiss unemployment benefits are paid for two years. Swiss unemployment numbers fully report the level of unemployment, unlike the USA which under-counts unemployment. Just because the U.S. government reports false economic numbers is no reason to discount the reporting from nations with a history of accurate reporting. I think we just have a group of befuddled pundits who can't figure out how the Swiss economy remains so vibrant without dodgy tax-cuts, without elimination of their social security network, and without reducing wages to a target rate of $0.65 per hour in order to compete head to head with Chinese peasants. The Swiss have prospered merely by refusing to follow America's suicide-pact economic plan. .