Fat Steve's Blatherings

Saturday, November 12, 2005

Good God Almighty!

        In an article in the Wall Street Journal, Joel Kotkin writes:
        Since the '70s, America has created 57 million new jobs, compared with just four million in Europe (with most of those jobs in government).

        How can their nations, let alone their economies, survive this?  It's worth noting that, during the eighties and nineties, according to data from here (scroll down to March 21st entry for European Population in 2000), and here, giving European population growth rates at 00.3% per year (or here, if you prefer the evil PDF format for some reason only explainable psychiatrically), then Europe added four million people to it's population over five times.  In other words, the jobs growth over two decades was enough to accomodate about four years worth of population growth.  Even if you assume no European woman works,, that they're all stay-at-home mothers, then still the new jobs were fillable with 8 years of population growth.  That leaves 12 years of new population hung out to dry.

        Kotkin goes on to say:
        In France, joblessness among workers in their 20s exceeds 20%, twice the overall national rate. In immigrant banlieues, where the population is much younger, average unemployment reaches 40%, and higher among the young.

        Now in the U.S., 10% unemployment is regarded as a recession-that-would-otherwise-be-called-a-depression-except-that-after-the-Great-Depression-we-"retired-the-number."  What would any sane person expect when you lock up the only segment of the population showing any growth in ghettos, and de facto discriminate against them, so that half the young would-be workers are unemployed?

        Meanwhile, the European population ages, the number of retirees grows, the taxes and regulations are burdensome and crushing — and the people Europe needs most are emigrating.

        I've been pessimisstic about Europe for years, but this is worse than I thought.  Incredibly worse.

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  • According to the Heritage Foundation , the French state employs 25% of the workforce.

    Which means a quarter of the French electorate has a vested interest in letting the problem become worse, reinforcing your predictions for the outcome of the riots.

    "Uber-bureaucrat, meet Professional Victim. Professional Victim, Uber-bureaucrat. Now, I'm just going to go into the kitchen for some snacks. Why don't you two get better acquainted..."

    By Blogger Дdαm Ŧhε Mαd, at 12:39 AM  

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