EPTUnemployment rate for young americans = 52.2% - Page 4
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LaSt)ChAnCe
United States2179 Posts
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QibingZero
2611 Posts
On September 28 2009 16:17 SWPIGWANG wrote: Frankly, all I see in this thread is the typical right wing spam, unrepresentative personal examples and just plain random spam. There are two types of threads at TL: 1. Good threads 2. Threads full of right wing talking point spam There's probably a point to be made somewhere in this thread, but.... no, wait, the article is from the NY Post. Nevermind. | ||
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SWPIGWANG
Canada482 Posts
Taiwan, on the other hand, has more American-esque taxes and little welfare, and they have weathered a storm of economic trouble in Asia, and still remain fairly liquid and a hot spot to invest. Japan is not as hot anymore, partly as a result of the bubble, partly a result of the lack of capital flowing. The high taxes are not helping Japan from a purely economical sense, although from a civic sense it does follow. Oh, you don't know the amount of whining about economics on the island. (checks the president's approval ratings) I am currently posting this in Taiwan and I can tell you that the amount of bitching about government economic policy has not dropped for one bit over the past decade. The biggest problem is that Taiwan is too small to be a independent economic unit and has to rely on trade, which gets MAJORLY screwed over whenever there is a hiccup in the world economy, including this one, resulting in SERIOUS drop in Q1~Q2 GDP and many people laid off. As for welfare, we here have socialized health care. o/ Welfare programs in general has been growing due to political pressure and so has government debt. I think some reports it at 121% GDP, higher than America. Socialism is probably a natural, long term result of democracy.... ---- As for the Japanese economy: The Japanese didn't dare do anything to their "government funded" voting block. Lets see if a new political party in power after ww2 changes anything.... The problem with spamming money as you so put it is that it helps to propel malinvestment, bad decisions, and especially bubbles, like the one that crippled Japan and the many other bubbles that we've had recently. While I'm not certain that a market correction will be useful with America's role as the world's massive bond, I don't think mass government spending will help, either. Underproduction is a weird thing. Things like liquidity trap and such comes from a systematic unwillingness to risk "actually producing anything" and sometimes throwing people into work at random works just fine in getting the economic engine running again. WW2 saves the American economy by promoting new and expensive ways of digging holes in the ground and filling them up again. (though mostly in Europe) Of course, in any case other than serious deflationary cycle, throwing money is just waste. (as far as optimizing utility goes) All that said, I always felt that GDP and all that crap are really just abstract numbers as far as quality of life is concerned after a certain point. Like in many economist jokes, terrorists blowing up buildings results in a increase in GDP since it means a building needs to be reconstructed, contributing to GDP while a perfectly fine building standing contributes nothing. Perhaps at some point, people would get to a equilibrium where economic growth is irrational. Just try saying and you get labled radical left..... | ||
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Samurai-
Slovenia2035 Posts
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ShroomyD
Australia245 Posts
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dNo_O
United States233 Posts
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Mystlord
United States10264 Posts
http://www.bls.gov/news.release/pdf/empsit.pdf Look at table A-7. Do you see 52.2% anywhere in that category? No? Do you see anything close to 52.2%? Now let's do a control+f of 52.2%. One result... That has nothing to do with "young Americans". The New York Post: Bringing you lies conservative bias on a daily basis. | ||
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PH
United States6173 Posts
That's how it always goes. Though I really like the idea of blaming Obama. Makes it easier to sleep at night as an unemployed "young American". -___-;; | ||
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VorcePA
United States1102 Posts
On September 28 2009 16:28 SWPIGWANG wrote: What is the per capita GDP of china again? Of course, all this argues that COMMUNIST DICTATORSHIP OF AMERICA would work better. :D Communism: proven to work better than you! I can even write a (made up on the spot) coherent argument for this case. The authoritarian powers of the Chinese communist party allows for a far more stable investment environment over fickle democracies that often violate basic property rights with random populist actions and allow for anti-development pressure groups (greenpeace for example) to gain power. This superior environment translates to lower risk and thus increased foreign investment and growth rate. ---- Seriously, lazy examples left and right means very little. That said, Europe is likely more comparable with the United States than China, which is at a different income level, with a different government and more different culture background. The government that China has is authoritarian, not communist. Communism is the mask they put over what their government really is. If China truly was communist, there would not exist the rich and wealthy 1%, and the rest were abysmally poor. | ||
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ZooG
Sweden618 Posts
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Manit0u
Poland17851 Posts
Still, I don't know how they count it but it seems that in the range of 18-24 we have just 30% unemployment. They probably exclude people in universities... Edit: Oh yeah, I forgot that when the borders have opened most of our unemployed people went abroad  | ||
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lazz
Australia3119 Posts
On September 28 2009 17:45 Mystlord wrote: This thread makes me laugh. Has anyone actually looked at the labor report? Here, I'll give you a link. http://www.bls.gov/news.release/pdf/empsit.pdf Look at table A-7. Do you see 52.2% anywhere in that category? No? Do you see anything close to 52.2%? Now let's do a control+f of 52.2%. One result... That has nothing to do with "young Americans". The New York Post: Bringing you lies conservative bias on a daily basis. they're probably using a different definition of unemployment than from the data in that table. remember that governments often change the definition of unemployment in an effort to make themselves look better in elections etc, which becomes bit of a pain in the ass when trying to discuss unemployment rates. edit: to clear up the definition of unemployment rate (since I have my macro econ 101 textbook handy  unemployment is defined by the total number of people unemployed divided by the labour force, where labour force is the total number of people available for work, both employed and unemployed. note that people who are full time students are NOT included in the total labour force. this could account for difference in those two figures (the bls.gov data and the new york post data) | ||
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Alizee-
United States845 Posts
I do not know the exact way teen unemployment rate is counted, however the article says 16-24 and the link you posted yourself, mystlord, has teenagers listed at 25.5% unemployment. So basically you have issues with the ways the government itself reports and the article. Mystlord: Trying to pretend the economy is doing great and everyone is working. | ||
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QuanticHawk
United States32160 Posts
On September 28 2009 16:34 LaSt)ChAnCe wrote: it's pretty normal for unemployment to be a will issue of the potential employee, instead of lack of jobs go try finding a job now in the field you got your degree in | ||
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LaSt)ChAnCe
United States2179 Posts
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Masq
Canada1792 Posts
On September 28 2009 12:49 Misrah wrote: thank god that people are still going to get sick, and i hopefully will have a job in the medical profession......i hope. unless public health care comes along- and if that happens QQ because people don't get sick under public health care? lol | ||
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poor newb
United States1879 Posts
that's the same as saying there's 99.9% unemployment rate for 1-10 yr olds because of the recession, i guess obama is responsible for that one too | ||
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FaCE_1
Canada6185 Posts
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DeSu
Australia91 Posts
Rather than letting the free market correct itself, Obama has "stimulated" it by pouring salt on an open wound. The short term isn't as harsh, but in the long run the economy will take extra time to recover or it simply won't recover. True. Previous american recessions show how putting in money simply made things worse and snowballed into a collapse (sorry can't remember which one lol, not very familiar with US economical history somewhere in the 1900s). The whole point of a free market economy is to let the businesses that are not being run efficiently to collapse and be taken over by smaller, better-run firms. Hehehe just throwing what I learnt in yr 10 economics last semester on you guys :D | ||
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QuanticHawk
United States32160 Posts
On September 28 2009 22:01 LaSt)ChAnCe wrote: pray tell, what does my degree have to do with young kids being too lazy to get a job? 16 to 24 is the age bracket. that's a lot of people with 2 year degrees and 4 year degree, people who should be getting jobs and many arent able to get them now even with a degree. i have several friends who have been out of school for a year and cant lock up a teaching job | ||
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