william the wie
Gold Member
- Nov 18, 2009
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In looking at revised 3rd quarter GDP growth of 3.6% vs. UE and Labor Force participation rate it looks to me like structural UE is in the double digits for the US. Some places like the EU and Far East look far worse. Take China, 60% of GDP is normally spent on construction of empty buildings or other useless structures and 20% on maintaining employment at State Owned Enterprises. France may make China look good.
Since the US has the least regulated labor market it gets the most foreign investment. With a change to a one for one tax credit for taxes paid overseas the US could add trillions more to total US investment but would that reduce unemployment appreciably? There are lots of other ways to increase real GDP growth but will that translate into increased employment?
Just wondering what other think about that.
Since the US has the least regulated labor market it gets the most foreign investment. With a change to a one for one tax credit for taxes paid overseas the US could add trillions more to total US investment but would that reduce unemployment appreciably? There are lots of other ways to increase real GDP growth but will that translate into increased employment?
Just wondering what other think about that.