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To: Sweet_Sunflower29
Everybody's income is somebody else's cost. Drive up wages artificially, and you drive up costs the same way. Living age is a paycut for most Americans, since it means their taxes will go up to pay for the artificially inflated cost of government-contracted work.
5 posted on 07/23/2002 10:52:48 AM PDT by Maceman
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To: Maceman
We just get dumber and dumber. The nations water supply must be receiving stupid pills manufactured in D.C. by our Congress. This is truly a great country. Happy days are on the way.
34 posted on 07/23/2002 1:33:19 PM PDT by mulligan
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To: Maceman
it should be a major goal of the federal guv to push the unemployment rate down to under 4.0% and keep it there for as long as possible. The reason why it should be our goal is specifically to push wages up for people.

Prior to 1965 we as a nation agreed that this type of low unemployment was good. After 1965 we don't have that agreement as a nation. We haven't matched the low unemployment rates that we used to enjoy either since before 1965. If you look at long-term charts of the unemployment rate, it is really very dramatic. Simply throw out the 1930's and you'll see that prior to 1965 our unemployment rate was on average a solid 25%-30% lower than after 1965.

It is no accident. Republican economists, including Alan Greenspan and others, have been quoted as saying that they have to keep unemployment up over 6% to keep lots of willing workers for big corps. Big corps don't produce jobs, so it doesn't make sense that the republicans would think this way, but they do.

36 posted on 07/23/2002 1:39:26 PM PDT by Red Jones
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