At 10:44 AM 3/15/2004 -0600 Dan Minette wrote:
>Where I disagree is
>whether the emphasis should be placed on the accelerated increase in the
>supply of labor vs. a deceleration in the increase of the demand for labor.
>My arguement is that the labor supply between '80 and '03 has grown less
>than it did between '57 and '80....so that the emphasis should be more on
>the slowing of the increase in the need for labor than the acceleration of
>the supply.
Yet, your data set the posted earlier contradicts the above. Up until
1984, 10-year growths in the labor force fairly consistently outstrip
growths in employment. Subsequent to 1984, the reverse is true... there
is consistently a greater 10-year growth in jobs than there is available
labor force to fill them.
Secondly, despite the aggregate numbers, the immigration numbers suggest to
me that there was a strong acceleration in supply of labor at the bottom
end of the spectrum. Indeed, the labor shortfall in the numbers you
provided in my mind may help explain why we had an immigration boom in the
1990;s.
JDG
_______________________________________________________
John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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