RE: [OPE] Great Depression jobs parallel

Date: Wed Jan 21 2009 - 16:41:09 EST

> "Both part-time workers wanting full-time work and discouraged workers tend to make the unemployment rate lower > than it would otherwise be," says Robert Schenk, professor of economics at St. Joseph's College, Indiana.
There's also the question of (formal and informal) employment in the "underground economy."
The Marxian concept of the industrial reserve army is a more meaningful measure of 'unemployment'
in today's international capitalist economy. In the official measures of unemployment, the working
(primarily, self-employed) poor who are part of the petty commodity producing (informal) sector
aren't counted. This is especially important in entire regions of the world capitalist economy.
In solidarity, Jerry

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Received on Wed Jan 21 16:42:55 2009

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