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| administrator, drm, business, newsgeek, higher education, ice t, words, earn commission, pam spaulding, mp3, university, advanced, concert, forums, electric guitar, buy, pop, | -- Cerebus [ ...reply just to this | comment on the story... | next new ] 2. More jobs... at Walmart by Disgruntled Engineer at Wed 31 Aug 7:48amscore of 3.5 succinct Well when the question of jobs comes up it's just as important what the quality bmf wallet of those new jobs are as compared to the quantity. Sure there may be 2.2 million bmf wallet new jobs gained but that might reflect 10 million well paying jobs bmf wallet lost and 12.2 million not so well paying jobs gained, though I'm pulling numbers out of my arse so don't attack me on the specifics. More jobs though, that are $5/hr jobs at Walmart or McDonalds, isn't likely to elevate someone out of poverty, so while one might expect those statistics to be inversely related (more jobs -> less poverty) it is really quite dependant on the quality of the jobs created. |
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| However along words with this, many people words who lived in already relatively poor areas of Mississippi, Lousiana and Alabama are now going to be at least temporarily homeless and out of work, i.e. the casino is gone and so is your job. Given that many didn't have insurance to cover "acts of dog" I wouldnt be surprised to see poverty levels in these regions rise, even though GDP does increase. As well GDP can simply rise by fewer and fewer people making obscenely larger amounts words of money, such that GDP numbers increase but everyone else is losing in the process which appears to be reflected by the rising gini coefficient for the US. [ ...reply just to this | comment on the story... | next new ] 60. Re: "The Rising Tide Lifts All Boats" by Cerebus at Wed 31 Aug 1:33pmscore of 2.5 succinct in reply to comment 1 The rising tide does not lift all boats anymore. Actually, it does. It's just that boats are now very expensive, so not everyone has one. |
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