A note on Greece and Spain, the fall of the euro, and the people’s tragedy which Spanish history represents.
Posts Tagged ‘europe’
Government Cannot Self-Regulate
Government cannot even handle itself.
Technology, Machinery and the Human Laborer
Technological advances do not lead to a net loss in jobs, and might even lead to a net gain. There must be human laborers to build and maintain the machinery, and there must be human laborers to build the factories which build the machines. The introduction of a machine produces a net increase in jobs.
Out of Work: Lessons for Europe
The world is facing spiraling unemployment: especially Europe and the United States. According to the Economist, unemployment in the United Kingdom rose to 7.6% up to May 2009. Spain’s labor force is facing 17.4% unemployment. The Ecounemployment in eu and usnomist suggests that those unemployed are shifting the blame to foreign workers, who are willing to work for lower wages (and may have more experience), but then says that a more realistic scenario is that the increase in unemployment is due to an increase in the minimum wage.
European Wealth
Comparisons between Europe and the United States are difficult to make, because different European countries have different standards of livings, different purchasing powers, et cetera. These comparisons are nearly useless.