Monday, February 18, 2008
Economics Depress me
Martin Feldstien, Harvard Economist. On the recent slowdown in the world economy. As he was speaking he made two points that seemed inhuman and incredably calus to me. One that 5% unemployment is acceptable. This is a country with hardly any to no unemployment assistance. 5% granted is low but still seemed like a shruging off of a vast group of human beings, which I suspect Martin is one. And two, right after the first statement, he said the raising of minum wage to 9 dollars was unreasonable, unpractical and unacceptable(paraphrase). I've long felt that economics was the most inhumane of the sciences. It seems to me it makes men/woman into beasts of burden, a means to an end. But maybe some one else felt this way too becaues in the middle of his interview it suddenly cut into another program. Bill Moyers suddenly started to play which is a political news show on PBS. Coincedently the episode was about workers unions and a freelancers society that banded together to get health insurance for freelance workers, since large corporations have been hiring more and more contract workers in america to avoid paying health benefits.