Taxing the rich in Minnesota

[Boreas]

Originally Posted by doucanoe

Be that as it may, using the term full employment or even approaching full employment is a bit silly based on how these figures are calculated.

Whether you think it a bit silly or not, when people who are looking for work find it and the rate at which they're finding it exceeds the rate at which new people enter the work force, we are approaching full employment. That's simply a fact and in no way carries the implication that full employment will be achieved or is even achievable.

John

[finnbow]

Originally Posted by Boreas

Whether you think it a bit silly or not, when people who are looking for work find it and the rate at which they're finding it exceeds the rate at which new people enter the work force, we are approaching full employment. That's simply a fact and in no way carries the implication that full employment will be achieved or is even achievable.

John

Using the definition used by economists for full employment, it is definitely attainable. ~6% unemployment used to be considered full employment (below which inflationary pressures would be too great). In our new reality, economists haven't settled on what unemployment rate constitutes full employment, but it's more in the range of 4% it seems.

We're at 5.5% now and it hasn't created wage inflation. That's part of what is making the Fed's policymakers' jobs difficult. At what unemployment rate will inflation become an issue and necessitate an interest rate hike? We ain't there yet, it seems.

http://www.investopedia.com/terms/f/fullemployment.asp

[Dondilion]

Back to the main thrust of the title.

Taxing the rich:

http://america.aljazeera.com/opinion...tea-party.html

[Boreas]

Originally Posted by Dondilion

Back to the main thrust of the title.

Taxing the rich:

http://america.aljazeera.com/opinion...tea-party.html

The Republican governors are right to be thinking of ditching trickle-down but the people who vote for them don't realize it.

John

[Dondilion]

Originally Posted by Boreas

The Republican governors are right to be thinking of ditching trickle-down but the people who vote for them don't realize it.

John

True! Many of them vote against their own interest, often being caught up in some manipulated side issues.