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Edited by Telec:
2/28/2013 12:51:50 PM
17
Which is more important - GDP or unemployment?
You can gear a policy to help with GDP growth or with unemployment. Which do you choose?
(For the sake of argument, assume that the relative improvement is approximately the same, on whatever scale you choose to use)
And what if the policy which helped unemployment would damage GDP?
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1 ReplyUnemployment. GDP benefits the rich more than the lower classes (percentage difference between average wage worker and CEO has dramatically increased), whereas unemployment generally helps those who need the help because the rich aren't bothered by unemployment. When is the last time you've seen a millionare CEO begging for money?
