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The idea of adopting an 'American market' capitalism will somehow lessen unemployment is a fallacy. The greatest driver of increased employment in the US is the increasing of government jobs on a local, state and national level. Outsourcing and the top 100 US compnaires for the last 25 years losing jobs to overseas competitors has done more damage to the American economy than anything else. Does France not believe this or has Royal tried to be all things to all people and not made the case against US 'modernity' being what drives Sarko.

by An American in London on Tue Apr 24th, 2007 at 09:16:38 AM EST
Do you have a link to stats to support that? I hadn't realised that was true in the US as well as the UK.
by Colman (colman at eurotrib.com) on Tue Apr 24th, 2007 at 09:25:29 AM EST
[ Parent ]
I don't have links at hand to support the fact the greatets increase in employment in the US are government jobs but it is common knowledge. The greatest increase in private sector jobs are in the service industry like Wal Mart etc. which aren't union jobs and pay usually 50% less than most of the jobs which have been outsourced.
by An American in London on Tue Apr 24th, 2007 at 10:23:40 AM EST
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If I remember correctly, he/she was right through much of the cycle, but I think the private sector has now surpassed the public sector.  The growth in government spending has slowed quite a bit and will likely continue to slow, given the partisan divide between Congress and the White House.  That's not incredibly odd, though.  If a governments opts for fiscal policy in pursuit of stabilization, then it would make sense to see faster growth in the public sector -- the logic, of course, being partly that people take employment in the public sector to stay afloat during downturns, and leave because of higher pay elsewhere or budget cuts, once recovery sets in.

The bit on the job growth with companies like Wal-Mart is (again, if I remember correctly) rubbish, though.  Most jobs created in the Dot-Com Boom were quite high-paying (middle- to upper-middle-class), and, while a significant number of jobs were lost when the bust arrived, the losses were not terribly great.  (The unemployment rate never went above 6%.  That's not bad at all, as recessions go.)

As I understand, a large chunk of job growth these days is coming in health care, education, and financial services -- again, jobs that tend to pay decent salaries.  Teachers typically start in the range of $30-50k, depending on the state.  Health care, obviously, contains a wide variety of jobs, ranging from the lower-middle- to the upper-class in salary.  And financial services tend to start in a similar range to teachers, but they, obviously, have a lot more growth potential.

All three of those areas are facing labor shortages, too, and pay, last I checked, was rising at very strong rates.

Wal-Mart will open a store here and there, but there's simply not much room left before running into overproduction.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Tue Apr 24th, 2007 at 12:56:42 PM EST
[ Parent ]
Labor demand in companies like Wal-Mart also tends to be highly inelastic.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Tue Apr 24th, 2007 at 12:58:30 PM EST
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The greatest increase in government employment comes at the state and local level; not the national level. The loss of manufacturing jobs to outsourcing, the decline of unions and the major corporations seeing their greatest growth internationally has contributed to the decline. The unemployment rate you quote is 'rubbish' as it doesnt truly reflect the state of employment in the US.
by An American in London on Tue Apr 24th, 2007 at 01:06:27 PM EST
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I think having progressive Americans come to Europe and disabuse people of the notion that America is paradise is very important.

"It's the statue, man, The Statue."
by Carrie (migeru at eurotrib dot com) on Tue Apr 24th, 2007 at 10:03:58 AM EST
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Very much so.

The main task of Codice, he says, is to educate French citizens about the way the economy works so they are better informed and less hostile.

The council plans a slick new website, pamphlets and campaigns in universities and schools.

Training journalists, says Fauconnier, is vital because economic stories are often covered in a one-sided way on French TV.

"When a factory closes or sheds jobs, for example, there are lots of emotional interviews with angry workers, but rarely any analysis of the reasons behind the company's decision."

I wonder who's funding them? Somehow I don't think they're doing it out of the kindness of their hearts and a need to re-educate errant journalists.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Apr 24th, 2007 at 10:25:34 AM EST
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The CODICE has been created and is funded by the French Ministry of Economy and Finance.

You can find more information on this page


"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Tue Apr 24th, 2007 at 11:31:06 AM EST
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If Katrina, Bush, America Invading Iraq etc. hasn't 'disabused people of the notion that America is paradise'; nothing I say will have a greater impact.

I may point out criticism of the US but it is a place where people can still come to and pursue their lives relatively freely when compared to other countries. The only class system in America is built on how much money you have which can make it possible for anyone to join as opposed to countries like the UK and France whose class systems are based on priviledge and which family you are part of.

by An American in London on Tue Apr 24th, 2007 at 10:29:03 AM EST
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Yes, but when I was in the US and I went to progressive rallies where the speaker was praising the European social model and the audience was going wild, I thought to myself these progressive speakers should tour the EU at least once, and talk to people, not just politicians.

"It's the statue, man, The Statue."
by Carrie (migeru at eurotrib dot com) on Tue Apr 24th, 2007 at 10:48:38 AM EST
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And do Europeans want the right to walk into any gun dealer's place and buy enough guns and ammo to start your own insurgency, no waiting period, few questions asked and no check to verfy if you answered the form truthfully?  And, in the wake of the horrors at Virginia Tech, do Europeans want their politicians to proclaim that every man woman and child should carry a loaded gun from the moment they wake up to the moment they go to bed?  And do Europeans want to live in such a society?
by Navy Vet Terp on Tue Apr 24th, 2007 at 06:52:26 PM EST
[ Parent ]
Here is a link to a column from a year ago in The Observer which should shed some light on the health of the American economy and should warn anybody in France off of Sarko if they dont want to be avbused like many Americans. The most interesting statistic I have heard recently is the top 300,000 Americans earn more income than the bottom 150,000,000 Americans. Mindboggling and this is what Sarko wants to bring to France.The link to the column is:
 http://observer.guardian.co.uk/columnists/story/0,,1792399,00.html

 

by An American in London on Tue Apr 24th, 2007 at 10:44:05 AM EST
[ Parent ]
the top 300,000 Americans earn more income than the bottom 150,000,000 Americans.

Delete "earn": insert "get"....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Apr 24th, 2007 at 12:57:00 PM EST
[ Parent ]
You mean like this?
by the stormy present (stormypresent aaaaaaat gmail etc) on Tue Apr 24th, 2007 at 12:43:25 PM EST
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Yes, something like that.
Of course, the United States is not vulnerable to the violent, total closing-down of the system that followed Mussolini's march on Rome or Hitler's roundup of political prisoners. Our democratic habits are too resilient, and our military and judiciary too independent, for any kind of scenario like that.
Give Naomi Wolf an A in civics.

"It's the statue, man, The Statue."
by Carrie (migeru at eurotrib dot com) on Tue Apr 24th, 2007 at 12:55:47 PM EST
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I didn't say I thought she'd done it well.

And I'd be more impressed, frankly, if she'd made these points in an American newspaper rather than a British one.  But that is unlikely to happen, for reasons that probably have less to do with Naomi Wolf than with American newspapers....

by the stormy present (stormypresent aaaaaaat gmail etc) on Tue Apr 24th, 2007 at 01:02:06 PM EST
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But isn't the UK a better example of what's in store for France if they go the Sarko route? I mean, it would take a long time for France to have 10 million* people living (somehow) without healthcare, almost half a million* people in prison, and thousands* of French troops killed and maimed in Muslim civil wars. Not to mention not having ANY public transportation for 90% of the country.

Besides, for all our faults, we DO have a viable opposition party and a wealth of great possibilities to take over the country in 2008.

* I'm adjusting these figures to reflect that France has about 1/5 the population of the U.S.

by Matt in NYC on Tue Apr 24th, 2007 at 09:22:41 PM EST
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I'm writing a piece on exactly this. I plan to send it to every paper I can - in French and in English.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Apr 24th, 2007 at 03:13:27 PM EST
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A nice piece on how great unemployment should be, if our society was a bit smarter about it (in French)

Via Le Monolecte, one of the better French blog on the left.

Today's post about Harz 4 forced labor was great, btw.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Apr 24th, 2007 at 04:32:44 PM EST
[ Parent ]

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