Monday, August 09, 2004

ONE MORE TIME - THE ECONOMY IS IMPROVING, EVEN IF YOU ARE UNEMPLOYED

Between the Coasts has this reference to the employment situation. which cites the improving job picture.

But, according to many liberals, the economic picture is a gloomy one.

Why the difference in outlook? The kinds of jobs that liberals have (government, social services, teaching, etc.) HAVE been affected in the market. As privatization gains momentum, their jobs don't disappear, but they DO transfer to the private sector, often at a lesser salary. Since the newly unemployed worker can't (or won't) take less money, they're on the street.

Ergo, since THEY are out of work, it's a recession, if not a depression.

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