What Work Measures in the US
Why do international news wires around the world talk about deepening recession, unemployment, tax cuts and other such ‘situations’ in the world economy? You don’t have to be a rocket scientist to understand the world economy; you just have to be very keen about certain details.
Take the United States economy for example. Why do people look to Obama for work? Why does it matter that young university graduates are having trouble staying in one city for whole month in their search for work?
A good measurement of a country’s economy is employment. Employment translates to investors; industry. Lowered employment rates means there’s less capital going into the circuit. In addition, that also means that citizens are going hungry and most probably, homeless.