I asked this question on Post-Keynesian thought a year or so ago, and got
no satisfactory answers. With the strong U.S. employment report released
this morning - payroll growth of over 400,000, a drop in the unemployment
rate to 4.6% (the lowest in 24 years), and real wage growth approaching 2%
-
Greetings,
On Fri, 5 Dec 1997, Doug Henwood wrote:
> I asked this question on Post-Keynesian thought a year or so ago, and got
> no satisfactory answers. With the strong U.S. employment report released
> this morning - payroll growth of over 400,000, a drop in the unemployment
> rate to 4.6% (t
Shawgi A. Tell reproduces every tired leftist cliche about the U.S. labor
market in just three paragraphs, an impressive achievement.
>I think it is necessary to avoid focusing on the appearance of
>things and move directly to the essence of matters. In terms of
>unemployment, the so-called lowe
Greetings,
On Fri, 5 Dec 1997, Doug Henwood wrote:
> Shawgi A. Tell reproduces every tired leftist cliche about the U.S. labor
> market in just three paragraphs, an impressive achievement.
Please let's not lower the level of discussion.
> >I think it is necessary to avoid focusing on
Greetings,
On Sat, 6 Dec 1997, Rebecca Peoples wrote:
> Shawgi,
>
> Would you please explain to me how the unemployment rate
> underestimates the unemployment situation. And what is the difference
> between the jobless rate and the unemployment rate? Are they not one and
> the same thing.
>
Doug's prompts have interested me a lot - more than a lot of recent
pen-l topics.
>
Replying to louis (who has given us some excellent articles
on environment/economic issues, thanks): Doug said:
>
>Two points. First, a sustained unemployment rate of below 5% does seem to
>be having the desired ef
anzalone/starbird wrote:
>Actually the gender gap, at least in income is not narrowing by BLS
>statistics, it is widening. ellen
Huh? Which BLS stats? Census Bureau numbers for 1996 show the narrowest
gender gap in history.
Doug
Actually the gender gap, at least in income is not narrowing by BLS
statistics, it is widening. ellen
>Shawgi A. Tell reproduces every tired leftist cliche about the U.S. labor
>market in just three paragraphs, an impressive achievement.
>
>>I think it is necessary to avoid focusing on the appear
Belatedly
Louis Proyect wrote:
>Doug, what do you make of Alex Cockburn's recent LA Times article:
>
>Here, on data from the Bureau of Labor Statistics, is what has happened to
>real compensation (wages plus benefits) since the start of the Clinton
>presidency. In 1993, it fell by 0.4%; in 1
On Fri, 5 Dec 1997, Doug Henwood wrote:
> I asked this question on Post-Keynesian thought a year or so ago, and got
> no satisfactory answers. With the strong U.S. employment report released
> this morning - payroll growth of over 400,000, a drop in the unemployment
> rate to 4.6% (the lowest in
Doug Henwood:
>
>The point isn't that "things are actually going well" - the point is that
>they're a lot better than they were 5 years ago. Real wages are rising, and
>the race and gender gaps are narrowing. Sure lots of shit jobs are being
>created, but that's not the whole story, or you wouldn
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