Hello Eva thanks for responding,
Does that mean that governments have no real control over unemployment levels?
The American rate is back to 5.9%, here in Australian it is now down to 7.9%
from higher levels of 10-11%, does it just ebb and flow? If that is the case
is the unemployment of the Great Depression a different _type_ of
unemployment? I am not an economist or historian but I assume that those
unemployment levels were resolved when the economic situation improved. A
lot of industrialised countries seem to have high levels of unemployment
whether the economy is good or bad
If there was great concern in a particular country about doing something
real about unemployment can the government of the day ((honestly and
safely)) just shrug there shoulders and say, "Sorry community, there is
nothing we can do!"
Tony
>Community and government tried all sorts
>of macro-economic policies such as paying business
>to employ the unemployed, financing/nationalisisng
>business to employ millions etc.
>based on capitalism, it didn't work out,
>because it cuts into the profit (taxes) that
>keeps the system going. Sort of catch 22.
>
>Eva
>
>
>> I think low levels of unemployment would help. This would take the strain
>> off the presently "over-employed" individuals as well as give opportunity to
>> the "underemployed" as well as to the unemployed.
>> Two well know ex-political figures in Australia in a recent interview agreed
>> that high unemployment levels could be adequately handled through
>> macro-economic policy if there was a community and government will to do
>> something done about it.
