Quote:
Originally Posted by Guest
Well oresented. Was thinking of this earlier.
I honestly wish our new President succes, but find it a bit wacky as he embraces Russia, wants to lift sanctions on them, while fighting with Mexico who has not even said a bad word about us.
And lastly, listening to his talk in Philly where he speaks of using American processed steel for the pipeline, I wondered how much that will increase the cost.
By the way, on Fox, while he spoke, the scroll across the bottom said that our unemployment is so low that it has reached the number where economists call it no unemployment.
Same scroll said statistics show that illegal immigration has descended each year for the last few and is now at an almost all time low, although I might dispute that without more research because just prior to the election, seems there was a surge.
Again, taxes, trade, health care etc all need work, but just ignoring the blather and looking at facts, I am wondering a lot, especially about debt. Great to hear Ryan, at least mention the debt.
But you nailed who will pay for that wall, which if you read the wording could be a big fence instead.
How Low Can the Unemployment Rate Go? - WSJ
"One key question for the U.S. labor market this year: How low can the unemployment rate actually go?"
|
If you are in favor or higher wages, the one thing that can drive up wages is a glut of available workers.
The unemployment rate is a phony number anyway. It only counts the number of people on the unemployment compensation rolls. It doesn't count people whose benefits have expired and have stopped looking for work. Nor does it count people who were laid of and took jobs for less money than they were making before.
The actual number of unemployed is much greater, (some sources say two or three times) than the "official" number.