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Greece has a huge public sector which is maintained in the expense of private sector. The government did not fire almost anyone from the public sector the last 3 years. Neither privatizations have been accomplished. The official unemployment is almost 30% all from private sector. However, some critics...
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I used to believe in protectionism. Several users here tried to persist me to abandoned it, but they did not take me seriously. But after reading Milton Friedman, I can say that I am absolutely convinced that protectionism is nonsensical > this is because the foreigners don't sell goods for dollars...
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http://www.cracked.com/article_20322_6-ways-companies-are-secretly-screwing-job-applicants.html
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One free market/libertarian answer to unemployment and poverty is lowering the minimum wage. My question is, how the heck are people supposed to live off a lower minimum wage? The minimum wage is already pretty low, if we lower it to say 3-4 dollars an hour, how is someone supposed to survive off that...
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Hello everybody. I am new in this forum and I am recently introduced in libertarian ideas. Therefore, I have many questions. Also, I am 29 y/o and I live in Greece. I would like to ask about immigration and jobs. Here in Greece we have approx. 1,000,000 illegal immigrants from Asia and Africa (total...
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A friend of mine posted the following chart on Facebook with the caption: "Clearly lower taxes isn't the cure."
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Does anyone know of a good source that explains exactly how popular economic indicators are calculated? I'm thinking of GDP, CPI, PPI, Imports, Exports, Trade Surpluses/Deficits, Jobless Claims, Unemployment, ISM Manufacturing Index, Construction Outlays, Housing Starts, Industrial Production, Bank...
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http://laborcenter.berkeley.edu/retail/walmart_downward_push07.pdf Empirical evidence suggests that employees at Wal-Mart earn lower average wages and receive less generous benefits than workers employed by many other large retailers. But controversy has persisted on the question of Wal-Mart’s...
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I'm linking to this article written by the former "car czar," Steve Rattner: http://www.washingtonpost.com/opinions/the-right-path-on-jobs-jobs-jobs/2011/01/30/ABqPCME_story.html He basically says that the current rate of unemployment will actually turn out to be more productive for America...
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Hello, I'm a newbie in the Austrian School of thinking. I'm reached the chapter in my non-Austrian required textbook dealing with economic principles. The book, which hasn't taken any stance but just presents the readers with various theories, says that one cause of inflation could be unemployment...