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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (234933)	5/30/2005 11:58:58 AM
From: neolib	Read Replies (3) \| Respond to of 1572273

So being unemployed doesn't hurt as much. Which is, unfortunately, a two-edged sword. I was shocked that Germany was (2004) still the leading export economy. On a per worker basis, it is even more outstanding. The other interesting thing is what a large fraction of China's total exports come to the US, and the bulk of it is direct trade imbalance to boot. Germans must not have WalMarts yet!

To: combjelly who wrote (234933)	5/30/2005 2:50:44 PM
From: tejek	Respond to of 1572273

"One can have higher employment in exchange for debt accumulation" That is the macroeconomic factor. There is also the microeconomic one, in those countries when someone is unemployed they don't lose reasonable access to the health care system, nor do they go on some small fraction of their previous income for only six months then nothing at all. So being unemployed doesn't hurt as much. It also suggest better distribution of the society's wealth. Its less concentrated in the wealthy, allowing for more benefits for the poor. However, people like Tim and Harris would defend to the end and die poor a rich man's right to pig out at the trough. Go figure!