I always wondered what the USA got out of free trade (Mexico).We got cheap labour for companies that took away american jobs (taxes). What do we export to them that would increase our exports? I assume corporations make more profits but at the expense of the working class. I am no economic genius but the the trade figures to me show that we are getting the shortend of the deal.
Is the unemployment rate in the U.K. on SIX YEAR HIGHS? Yes or no. http://news.bbc.co.uk/1/hi/business/5171932.stm
those are monthly figures and dont reflect the long term trend in the labor mkt. u posted a graph earlier and then deleted it...if u could read it properly u would have noticed unemployment fell from a high of 70+% to a present figure of around 5%...all this since labor came to power by the way.
If I could read it properly? 70%? That's the EMPLOYMENT rate, dude. (employment plus unemployment does NOT equal 100%) Goodness even in the Great Depression unemployment barely tallied 20%. U.K. unemployment is on six year highs. Period. Bit, I errantly posted the Scottish rate in that graph, LOL. Here's the Scottish figures/graph.
no, sure it doesnt, but at six yrs highs is the number of jobless claims not the actual number of unemployed people. employment fallin' supports my previous claim that business owners dont have to keep recruitin' new staff, again for the reasons i stated earlier.
UK jobless level at six-year high A lack of pressure in the jobs market may help ease price growth UK unemployment has hit its highest level for six years, figures from the Office for National Statistics show. There were 1.65 million people classed as unemployed in the three months to May, an increase of 90,000 on the previous quarter, the ONS said. The number claiming unemployment benefit also increased, rising by 5,900 to 956,600 in June. BBC News; Wednesday, 12 July 2006
because unemployment in the uk is still at amazingly low levels...just 5-6% compared to the other european countries were u get 12-15% rate....look at italy for gawd sake, u couldnt find a job if u pay for it.
Increase in minimum wage is a smokescreen to put cotton candy on more tax cuts for the rich... The devil is always in the details, come on guys/gals as traders-investers we all should know the media talking heads are giving you cotton candy, not even mentioning the "fair and balanced" morons from FOX. This is the HOUSE version, what happens in the Senate is another matter. But politics being what they are you can be assured the minimum wage is a small toy from the box of crackerjack for the kiddies and the rest is for the fat slobs that wolf this poppycock down. Lets just get rid of all taxes on estates and have a feudal society run by a few families and corporations like Halliburton. I mean what is wrong with unfettered capitalism? LOL Same deal about WAL-MART leaving Germany, S Korea, their redneck ways of doing business and fleecing the workers suppliers etc just will not always fly in more sophisticated places around the world. have a good weekend, stay cool and "LETS KNOCK THE COVER OFF THE BALL TRADING NEXT WEEK".....