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To: Calif Conservative
"Only" 194k private sector jobs. That opens the door for a refutation that compares the gains to the only other part of the non-farm payrolls pie that is left, which is public sector jobs, i.e. government.

All of your surmises show an ignorance of the context that Roberts used, as well as unfamiliarity with his past postions. From his previous posts, when he makes reference to jobs growth being "only" he is making a judgement based on the monthly job growth requirements to stay even with or keep up with growth in the population and labor markets. Just what do you suppose that is? I can give you a hint...its a lot more than 194,000 per month.

And then there is the evidence that U.S. wages are not actually keeping pace with inflation...

Others have noticed the disparate pay issue even in the growth sectors...belying the miscreants boasting of mythical boom-times.

So in sum, you did misunderstand Roberts. You misrepresented Roberts. And you apparently misunderstand what job growth would actually be consistent with a restoration of U.S. manufacturing...which is something you can't begin to appreciate is essential for the long term survival of the United States.

But of course, you could probably care less, as you likely are a "citizen of the world." This would not be a surprise. I commend Christopher Lasch to your attention, in The Revolt of the Elites

108 posted on 12/12/2005 5:05:35 PM PST by Paul Ross (My idea of American policy toward the Soviet Union is simple...It is this, 'We win and they lose.')
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To: Paul Ross

** when [Paul Craig Roberts] makes reference to jobs growth being "only" he is making a judgement based on the monthly job growth requirements to stay even with or keep up with growth in the population and labor markets. **

You're wrong yet again. Look at the employment-population ratio, which is a way to determine if job growth is improving or deteriorating vs. population growth

This ratio was 62.8 percent in November 2005. From July through November of this year, this ratio has been either 62.9 or 62.8. Its high for the year was 62.9 percent, set multiple times.

Look at a longer trend.

In November 2005, this ratio was 62.8 %
In 11-04, it was 62.5
In 11-03, it was 62.3
In 11-02, it was 62.5
And in 11-01, it was 63.0

So the trend generally has been improving for the last four years and is headed back to the old pre-9/11 levels.

Your claim that jobs are not keeping up with populatiion growth is unfounded -- and refuted.


124 posted on 12/12/2005 6:28:46 PM PST by Calif Conservative (RWR and GWB backer)
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