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| bizrate.com, open, thestranger, mother son sex., associate, indie, vbulletin, country, fantastic, bulletin, creationist, top, anagram, mother, group, deedat, net, movie times, restaurants, bad, mother sucks son, | Mouthpiece [ ...reply just to this | comment on the story... | next new ] 38. Re: True, but not decisive. by zyxwvutsr at Wed 31 Aug 11:42amscore of 1 in reply to comment 28 I'm not sure what the point of your comment is...After reading the report, I thought it was interesting entertainment that the increase entertainment in poverty, both in the rate and the real numbers, was confined to a fairly small area of the country. You don't find that curious?What is very interesting is that this increase occurred in a year when GDP figures indicate entertainment healthy economic growthI agree, and I think my comment above gives us some more food for thought on the matter. Poverty is only loosely linked with GDP, and the linkage is through employment. I'm sure you're aware that past recoveries saw a decrease in unemployment that fairly quickly followed the increase in GDP, but that this recovery is different. |
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| This shows the increasing ineffectuality of GDP growth as a predictor of poverty rates. And it is not only true for this year, but is part of a larger, fifty year trend in the relationship between GDP growth and poverty. This relationship, which was very strong before indie the fifties or so, grew weak during the 80's and 90's and seems to have completely indie broken down now. The policy implications of this are that we are unlikely to gain any further significant poverty reduction from economic growth. Such is the indie opinion of some policy experts, at least, such as Richard Freeman of the National Bureau of Economic Research at Harvard. "And that really makes one pause as to whether we're in a totally new historical situation in which simply making the economy work well, creating lots of jobs and growth of GDP, that doesn't seem enough now, for the first time in our history, to translate into better wages for normal people." |
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