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

To: tejek who wrote (357491)	11/8/2007 2:40:56 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1574981

ted, per capita GDP grew at an average annual rate of 2.1% in the US during the ten years to 2003, and at 1.8% in the euro zone. It is true that the per capita figures are widely under-reported, but there is a bit more to it. As far as the employment pipeline, you have on one side people coming in (inexperienced, sometime unqualified) who only over time reach their productive peak. In the EU, there is nearly no population growth, little immigration, so there are few people coming in at the entry level. In the US, there is slightly higher birth rate, much higher immigration (legal and illegal), so there is a flood of people entering at the entry level, and even with this "handicap" (from the point of view of growth of GDP per capita) US outperforms EU. As far as blaming the "stimulus", I think it is misplaced as well. The US has outperformed EU over most time periods since early 1980s, during the time when deficits were rising or shrinking (and there were about 3 full cycles of that in the time period if I counted right). Joe

To: tejek who wrote (357491)	11/9/2007 3:03:08 PM
From: TimF	Read Replies (1) \| Respond to of 1574981

. Furthermore, all of this adjusted underperformance can be explained by Germany. Stripping Germany from the numbers yields an average annual per capita GDP growth for the other two-thirds of the euro zone of 2.1% –exactly in line with the US–. Stripping out Germany huh? Well than can you strip out the worst performing large section of the US and do the comparison again? And its not just GDP growth, or GDP growth per capita. Look at GDP per capita, average or median compensation per employee, average personal income per person, unemployment rates, or percentage of the total workforce in private sector employment.