June 2011
May 2011
The Great Recession hit harder in the United States than in most of the rest of the world. Among the world’s rich economies, we experienced the third largest increase in unemployment, trailing only Spain and Ireland. Most advanced economies saw substantially smaller increases in unemployment and one —Germany— actually saw its unemployment rate decline.
Can we learn anything from countries that weathered the Great Recession better than we did? The experience of two countries —Denmark and Germany— seems particularly informative. Denmark had a model labor market before the downturn, but ironically, offers a cautionary tale. Germany’s economy has been up and down since unification in the early 1990s, but points one way out of our mess.
Germanny’s success indicates that one way to fight unemployment would be some modest efforts to give U.S. employers incentives to cut hours, not workers.
Avoid labels. Because in reality, they make matters more confusing.
Hey guys, I’ll be gone for the next couple days. So yeah.
Stay fresh.
If you have questions, via.
You may be thinking to yourself, “Huh? What the fuck is Tim talking about? Why the would you do that? Why? Why? WHY?!” (Alright, let’s be real, no one actually thought that, but…anyways.. ahem). Recently, a school superintendent in Michigan has written an open public letter to Governor Rick Snyder, asking if he could turn his school into a prison. His reasoning?
“Consider the life of a Michigan prisoner. They get three square meals a day. Access to free health care. Internet. Cable television. Access to a library. A weight room. Computer lab. They can earn a degree. A roof over their heads. Clothing. Everything we just listed we DO NOT provide to our school children.
This is why I’m proposing to make my school a prison. The State of Michigan spends annually somewhere between $30,000 and $40,000 per prisoner, yet we are struggling to provide schools with $7,000 per student. I guess we need to treat our students like they are prisoners, with equal funding.”
WHAT?! That’s absurd!
Anywho, I just ran across this article. Can anyone shed some light on this?