Thursday, January 23, 2014

DAVOS: "Recovery talk ignores jobs crisis: Davos delegates"

CNBC/VIDEO FROM DAVOS:
GLOBAL UNEMPLOYMENT IS UP 5% AND IT'S GOING TO KEEP INCREASING, AND IT'S ESPECIALLY BAD FOR YOUTH.
GROWTH IS THE ANSWER, NOT REDISTRIBUTION SCHEMES.
BOTTOM LINE: 

  • WE NEED MORE GROWTH, NOT BETTER DISTRIBUTION/REDISTRIBUTION.
  • WE NEED TO GROW THE PIE, NOT SLICE IT DIFFERENTLY.
REDISTRIBUTION POLICIES ARE DIFFERENT THAN GROWTH POLICIES, AND REDISTRIBUTION POLICES EVEN SLOW GROWTH.




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