Re: NAIRU Re: Race to the Bottom

2004-03-06 Thread Erik Reuter
On Sat, Mar 06, 2004 at 04:52:18PM -0500, John D. Giorgis wrote: > In any Economics 101 textbook, you will find a concept called the > "Non-Accelerating Inflation Unemployment Rate", or NAIRU. This > is considered by economists to be the lowest sustainable rate of > unemployment without increasin

NAIRU Re: Race to the Bottom

2004-03-06 Thread John D. Giorgis
At 01:48 PM 3/6/2004 -0600 Dan Minette wrote: >> At 04:11 PM 3/2/2004 -0600 Dan Minette wrote: >> >> Clearly, the 90's were unusual. >> > >> >In some ways, but not in employment. The job growth from '92 to '00 was >> >21%. The average job growth over 8 years, since the '40-'48 comparison, >> >was