The official unemployment rate in the US is 8.5%. But that figure tells only part of the story. Back during the recession that occurred early in Ronald Reagan’s first term, the Labor Dept. played what I call “Calvin Ball.” They didn’t like the way the game was going, so they changed the rules. Two categories [...]
Posts Tagged ‘depression’
8.5% or 15.6%?
Posted in Current Events, Politics, tagged depression, Economy, official unemployment rate, real unemployment rate, recession, unemployment rate on April 5, 2009 | 1 Comment »
Strangled logic
Posted in Current Events, tagged auto industry, demand, depression, economic collapse, economic crisis, Economy, jobs, recession, stimulus, tax cuts, tax policy on January 26, 2009 | 9 Comments »
When I get into discussions about the economy with my conservative friends, they consistently tout the benefits of tax cuts to stimulate jobs and spending. But they are consistently opposed to increases in the minimum wage as costing jobs. Some go so far as to oppose the very concept of a minimum wage.
But here’s where [...]
