Comments on: The US Economy In Perspective http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/ Thu, 04 Dec 2008 18:35:26 +0000 http://wordpress.org/?v=2.3.2 By: HispanicPundit http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132489 HispanicPundit Sun, 14 Jan 2007 19:58:48 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132489 Sparsh, Yeah, but that would only result in a 1% reduction in the Canadian unemployment rate - and even smaller in the European countries. A difference, but not a difference that changes my point above, especially when the minority unemployment rate would still be so much larger than that in the USA (I may sound here like I am using the race card, I am not, my point here is that the unemployment rate is a measure that directly affects the poor and minority, and I believe that all economic models should also be judged on how they treat these two groups). Sparsh,

Yeah, but that would only result in a 1% reduction in the Canadian unemployment rate - and even smaller in the European countries. A difference, but not a difference that changes my point above, especially when the minority unemployment rate would still be so much larger than that in the USA (I may sound here like I am using the race card, I am not, my point here is that the unemployment rate is a measure that directly affects the poor and minority, and I believe that all economic models should also be judged on how they treat these two groups).

]]> By: sparsh http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132475 sparsh Sun, 14 Jan 2007 16:39:02 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132475 HP- Speaking of apples to apples. Each of those countries measure employment rates differently. For example Canada uses a base population of those over 15 years old, whereas the US starts at 16. So of course they are going to have a different figure. HP-
Speaking of apples to apples. Each of those countries measure employment rates differently. For example Canada uses a base population of those over 15 years old, whereas the US starts at 16. So of course they are going to have a different figure.

]]> By: H http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132468 H Sun, 14 Jan 2007 15:03:31 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132468 Hispanic Pundit, Good essay. For grins, you would have fun writing on the relationship between 1. sales, income and property taxes 2. employment/gang-violence 3. demographic change What I've got in mind is the differences between Texas and California economies. They both have about the same demographic flux. Texas has a relatively low 'social service' style government compared to California. Texas relies on sales tax and property tax, but has no personal income-tax. California has a high income tax and sales tax, but keeps property taxes low for corporations and long time property owners. Do these differences account for the differences in employment/gang-violence? Hispanic Pundit,

Good essay.

For grins, you would have fun writing on the relationship between
1. sales, income and property taxes
2. employment/gang-violence
3. demographic change

What I’ve got in mind is the differences between Texas and California economies. They both have about the same demographic flux. Texas has a relatively low ’social service’ style government compared to California. Texas relies on sales tax and property tax, but has no personal income-tax. California has a high income tax and sales tax, but keeps property taxes low for corporations and long time property owners. Do these differences account for the differences in employment/gang-violence?

]]> By: Dom http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132395 Dom Sat, 13 Jan 2007 23:38:08 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-132395 The low unemployment rate in the US is even more impressive when you consider the number if immigrants. These people are coming here to find jobs, not to go on welfare. And the US economy is able to accomodate them. The low unemployment rate in the US is even more impressive when you consider the number if immigrants. These people are coming here to find jobs, not to go on welfare. And the US economy is able to accomodate them.

]]> By: HispanicPundit http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-131642 HispanicPundit Thu, 11 Jan 2007 19:05:56 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-131642 The economics of it is that the poor in Europe, atleast those that are employed, have at most an equal standard of living to those in the United States and as you move up the economic ladder, the standard of living increases significantly for those in the United States, see <a rel="nofollow" href="http://engram-backtalk.blogspot.com/2006/09/look-at-rich-poor-and-middle-guy-in.html" rel="nofollow">here for one example</a>. So your experience does not match economic data and may result in not properly comparing apples to apples. On the other hand, the standard of living of the brown person, with European unemployment double sometimes triple the unemployment of the USA, is downright pathetic. I'd much rather be a poor brown person in the USA than in Europe. The economics of it is that the poor in Europe, atleast those that are employed, have at most an equal standard of living to those in the United States and as you move up the economic ladder, the standard of living increases significantly for those in the United States, see here for one example. So your experience does not match economic data and may result in not properly comparing apples to apples.

On the other hand, the standard of living of the brown person, with European unemployment double sometimes triple the unemployment of the USA, is downright pathetic. I’d much rather be a poor brown person in the USA than in Europe.

]]> By: msondo http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-131639 msondo Thu, 11 Jan 2007 18:55:44 +0000 http://hispanicpundit.com/2007/01/11/the-us-economy-in-perspective-2/#comment-131639 You have a good point. At the very least, the poor people in Canada can at least enjoy basic healthcare and other necessities in life. I lived in a country that averaged 18% unemployment and sure, there were tons of poor people, but I saw a much higher degree of poverty here in the USA than there. The standard of living seemed higher at the lower levels than it did here. Obviously, at slightly higher levels it was better in the USA. You have a good point. At the very least, the poor people in Canada can at least enjoy basic healthcare and other necessities in life. I lived in a country that averaged 18% unemployment and sure, there were tons of poor people, but I saw a much higher degree of poverty here in the USA than there. The standard of living seemed higher at the lower levels than it did here. Obviously, at slightly higher levels it was better in the USA.

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