BakshisMouse
Rookie
- Jun 28, 2011
- 702
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- Banned
- #1
Taking data from here, here are the following unemployment rates by age:
(Quarter 1, 2005) [Quarter 1, 2012]
18-19 years: (15.2) [21.4]
20-24 years: (9.6) [13.4]
25-29 years: (6.2) [9.9]
30-34 years: (5.2) [8.7]
The millions of young people who are missing out of employment experience because of employers too uncertain of future economic growth: what should be done about them?
To those people who say that the key to economic prosperity and jobs is to eliminate or reduce food stamps, welfare, unemployment compensation, capital gains taxes, corporate income taxes, the EPA, the Federal Reserve, Pell Grants, direct Stafford student loans, and make everyone in the USA pay 20% income tax or whatever in an effort to reduce the budget deficit in order to make businesses confident to start investing in human capital, I say fine.
If people of your mindset make it to the presidency and have a majority in the Senate and the House, I certainly hope the economy recovers under your watch.
However, if after years of your efforts, the debt to GDP ratio raises significantly, and the unemployment rate is still sky high, I am going to have the biggest burst of Schadenfreude the world has ever seen.
(This is all a hypothetical strawman agruement. Feel free to drop in with a real opinion of your own.)
(Quarter 1, 2005) [Quarter 1, 2012]
18-19 years: (15.2) [21.4]
20-24 years: (9.6) [13.4]
25-29 years: (6.2) [9.9]
30-34 years: (5.2) [8.7]
The millions of young people who are missing out of employment experience because of employers too uncertain of future economic growth: what should be done about them?
To those people who say that the key to economic prosperity and jobs is to eliminate or reduce food stamps, welfare, unemployment compensation, capital gains taxes, corporate income taxes, the EPA, the Federal Reserve, Pell Grants, direct Stafford student loans, and make everyone in the USA pay 20% income tax or whatever in an effort to reduce the budget deficit in order to make businesses confident to start investing in human capital, I say fine.
If people of your mindset make it to the presidency and have a majority in the Senate and the House, I certainly hope the economy recovers under your watch.
However, if after years of your efforts, the debt to GDP ratio raises significantly, and the unemployment rate is still sky high, I am going to have the biggest burst of Schadenfreude the world has ever seen.
(This is all a hypothetical strawman agruement. Feel free to drop in with a real opinion of your own.)