nsacpi
Expects Yuge Games
wow...Singapore is one of the most highly state controlled and directed economies out there
Economics Thread
- Thread starter sturg33
- Start date
goldfly
<B>if my thought dreams could be seen</B>
by the 2019 Economic Freedom of the World Index the USA is 12th, these countries have more economic freedom
1 Hong Kong
2 Singapore
3 New Zealand
4 Switzerland
5 Australia
6 Ireland
7 United Kingdom
8 Canada
9 United Arab Emirates
10 Taiwan
11 Iceland
crazy, some socialist economies on there with the oppression of universal healthcare etc
chop2chip
Well-known member
I’m very interested to see how the EU will manage. Given that these are good standard for progressives in the US, it will certainly be an interesting case study to be sure.
57Brave
Well-known member
interesting as it unfolds
……………………………..
https://www.vice.com/en_us/article/5dmeka/whole-foods-employees-are-staging-a-nationwide-sick-out
Lois Beckett
@loisbeckett
·
7h
Whole Foods employees want:
- hazard pay of double the current hourly wage
-paid leave for all workers who stay home or self-quarantine
-free coronavirus testing for all employees
"It’s very plausible that some of us will die for this job.”
……………………………..
https://www.vice.com/en_us/article/5dmeka/whole-foods-employees-are-staging-a-nationwide-sick-out
Lois Beckett
@loisbeckett
·
7h
Whole Foods employees want:
- hazard pay of double the current hourly wage
-paid leave for all workers who stay home or self-quarantine
-free coronavirus testing for all employees
"It’s very plausible that some of us will die for this job.”
57Brave
Well-known member
Chris Murphy
@ChrisMurphyCT
GE workers walked out today to demand their plant start making ventilators.
That’s Lord of the Flies sh*t.
Factory workers shouldn’t have to force their company to help save lives. That’s what a president is supposed to do.
But right now, factory workers are all we got.
@ChrisMurphyCT
GE workers walked out today to demand their plant start making ventilators.
That’s Lord of the Flies sh*t.
Factory workers shouldn’t have to force their company to help save lives. That’s what a president is supposed to do.
But right now, factory workers are all we got.
57Brave
Well-known member
“America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves… Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor.”
— Kurt Vonnegut
— Kurt Vonnegut
nsacpi
Expects Yuge Games
The unemployment claims data put us on a trajectory to hit a 15% unemployment rate when the April employment report comes out (early May). The most recently released unemployment rate data was 3.5% in February.
Given what looks to be the likely path of the pandemic and re-opening of the economy, I'm spitballing these numbers going forward
May unemployment rate 20%
June 13%
July 10%
August 8%
After that it depends on whether there is more stimulus.
One way to think about what is happening is we have had an enormous negative shock to the economy. When things are re-opened there will be a very big positive shock. But we need to understand that the negative shock is bigger and will have the longer tail. So once you get to August or so, yes the economy will have been re-opened for a couple months but where we settle will not be the pre-virus economy. And the multiplier effects from the initial negative shock will still be working their way through the system.
Given what looks to be the likely path of the pandemic and re-opening of the economy, I'm spitballing these numbers going forward
May unemployment rate 20%
June 13%
July 10%
August 8%
After that it depends on whether there is more stimulus.
One way to think about what is happening is we have had an enormous negative shock to the economy. When things are re-opened there will be a very big positive shock. But we need to understand that the negative shock is bigger and will have the longer tail. So once you get to August or so, yes the economy will have been re-opened for a couple months but where we settle will not be the pre-virus economy. And the multiplier effects from the initial negative shock will still be working their way through the system.
sturg33
I
The median household income of this country is 688% of the median household income of the world.
If americans are mainly poor, how would we describe the rest of the world?
nsacpi
Expects Yuge Games
Anyone who has lived in a third world country, as I have, will say that Americans are rich. It is all relative.
Who knew that rising gas prices could save the economy.
Julio3000
<B>A Chip Off the Old Rock</B>
I’m not sure what credible information leads you to believe that’s the choice.