[PEN-L:6787] Fw: Re: Re: EPR, prison, interest rates

["Frank Durgin" <fdurgin1@xxxxxxxxxxxx>]

What would it be if we counted the homeless? Unemployment count, like the
poverty count I think, is a household count. They are not counted in the
poverty count. There are millions of them
Frank
----------
> From: Jim Devine <jdevine@xxxxxxxxxxxxxxx>
> To: pen-l@xxxxxxxxxxxxxxxxxxx
> Subject: [PEN-L:6783] Re: Re: EPR, prison, interest rates
> Date: Thursday, May 13, 1999 4:19 PM
>
> Doug wrote:
> >If you counted all U.S. prisoners as unemployed, it would push up the U
> >rate from around 4.3% to 5.6%. Details also forthcoming in LBO.
>
> If most of these are structurally unemployed (i.e., having the wrong
skills
> or living in the wrong location, like the inner city, for the jobs
> available), then this would lower the structural unemployment rate and
thus
> the NAIRU, the threshold unemployment rate beneath which inflation gets
> worse and worse.
>
> Prison labor also competes with free labor, undermining its bargaining
> power and keeping wage demands down.
>
> Jim Devine jdevine@xxxxxxxxxxxxxxx &
> http://clawww.lmu.edu/Faculty/JDevine/jdevine.html
> Bombing DESTROYS human rights. US/NATO out of Serbia!
>