And there has been no real wage growth since 1973! That's an amazing stat.
On Oct 7, 2011, at 12:52 PM, Judah McAuley <ju...@wiredotter.com> wrote: > > On Wed, Oct 5, 2011 at 1:56 PM, GMoney <gm0n3...@gmail.com> wrote: >> (This current row is no different. We go into a hissy fit over an >> unemployment rate that most countries would die to have.) >> > > You know, I read this bit the other day and it's been sticking in the > back of my head. I wondered if it was true at all, so I did some quick > searching about unemployment rates by country. I went to the CIA World > Factbook as they tend to have good info on these sorts of things and > lo and behold, they do rank this info: > https://www.cia.gov/library/publications/the-world-factbook/rankorder/2129rank.html > > In short, the US comes in 108 out of 199 countries in unemployment > rate, so there are 107 countries with lower unemployment rates and 90 > with higher unemployment rates, so that claim is demonstrably false. > > Furthermore, look at the countries that have recently been undergoing > upheaval in the Arab Spring. Egypt has a lower unemployment rate. > Syria has a lower unemployment rate. Algeria is one spot higher in the > list. Jordan is a couple percent worse than us. Morocco has a lower > rate. You get the picture. > > People aren't whinging about the unemployment rate in the US (though > it certainly isn't good), they are protesting about the fundamental > inequality in the current economic/political system. More wealth is > concentrated in the hands of the top 1% than any time since the Great > Depression. Corporations are now considered "people" under the law. > Governments have been given wide latitude to enact eminent domain for > "economic development". Unregulated financial groups brought our > country to the brink of collapse and are now back to raking in record > profits after we bail them out without any changes in the rules that > govern them. The foxes are guarding the henhouse. That's why people > are protesting. > > Cheers, > Judah > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:343334 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
