"Who cares if the unemployment rate drops to 4 percent"? All progressive economists should care if the unemployment rate drops to 4%. There is no jobs program, no conversion program, no training program like a 4% unemployment rate. If the national unemployment rate were 4%, the unemployment rate for black teens would not be 50%. Low unemployment is massively good for the working class.
On Wed, Oct 9, 2013 at 10:23 AM, Louis Proyect <[email protected]> wrote: > On 10/9/13 11:01 AM, Robert Naiman wrote: > > I don't get what the point of this is. Any government action to boost > > the economy during a recession "rigs the market and boosts company > > profits" in exactly the same way. Refusing to do this is Hoovernomics. > > The point of this? It is that Obama's economic policies have deepened > the exploitation of the working class. Who cares if the unemployment > rate drops to 4 percent if workers are unable to afford food, clothing, > housing, medical expenses or their children's education. The job growth > of the past period--lame is it is--has been in shitty jobs like waiting > on tables or clerking at Walmarts. The Republicans want to accelerate > these trends while the Democrats only disagree on the speed. > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Robert Naiman Policy Director Just Foreign Policy www.justforeignpolicy.org [email protected]
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