Tag Archiv: income

Labouring Under an Illusion

16. June 2011

US presidential candidate Tim Pawlenty’s plan for the economy is to “grow it (sic) by 5 percent, instead of the anaemic 2 percent currently envisioned.” If one earns one’s income from labour rather from capital, however, one could reasonably ask: “Why bother?” Especially since 2000, the share of income that has accrued to labour versus that accrued to capital has fallen dramatically during periods of economic expansion.

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How-To Guide to Full Employment

2. August 2010

Germany’s Economy Minister, Rainer Brüderle, is looking forward to full employment. If one takes the definition of full employment as a jobless rate of less than 4 percent, he has a while yet to wait. But Germany is moving quickly in the right direction; according to the most recent figures, its unemployment rate of 7.6 percent is well off the 8.2 percent recorded one year ago and is below the OECD average.

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