College students around the country are gaga over the physically disgusting old man with equally disgusting, archaic and provably harmful economic ideas.
The mesmerized youth should check in with their brethren in Vermont. They are skedaddling out of the state because there are no jobs to be had.
ht’ Sam S.
And yet, those rabid supporters of Bernie will refuse to even read this or acknowledge its existence….keep burying their heads in the sand and telling themselves the one who cannot even improve his own state will be the Messiah for all 50 states….yeah RIGHT….typical progtard insanity, compounded by stupidity…..
If there are no jobs, where are these stupid hippies getting money to buy pot??? Oh yeah, I forgot….
Most stories on employment I’ve read over the years peg 5% unemployment as essentially full employment. The 5% being composed of people moving between jobs, about to start new jobs, short term education and the like. I always felt that was pretty well a BS number like most of the employment figures that come out of all levels of government today. In any event, Vermont good luck with Shumlin, Sanders, Leahy and Welch. You get what you pay for and with these guys you didn’t pay much.
That’s interesting. When I took Economics 101 in college (mid-1970s), the President’s Council of Economic Advisors determined that the above criteria would be illustrated by an unemployment rate of 3%.
Another example of bar – lowering to suit modern times.
Keep voting for more government regulations because government will give you jobs. I promise.
Vermont’s greatest export is talented young people.
Send help.
Full employment was 5% back in the day when they didn’t give disability to everyone who stubbed their toe.
Switzerland is 3.2% now- was about 1% in the ’80’s and a beastly 5% in the Nineties.
But- they are Swiss-
Your assessment of that 5% number is historically accurate. However, we’ve never been in a situation where the DOL managed that statistic they way they are today. The US is approaching that 5% but only because they’ve played with the math. They’ve removed millions of people from the category of “looking for work.” Only those looking for work are considered in the math, hence the current emphasis of the Labor Participation Rate, which is at or near an all-time low.
As was said by one of the two greatest Prime Ministers that Great Britain ever had, “Socialism is fine until you run out of other peoples’ money to spend.”
Too bad the socialists aren’t listening (or reading).