The Unemployment Gap’s Just Part of It…

Nob Akimoto

Nob Akimoto

Nob Akimoto is a policy analyst and part-time dungeon master. When not talking endlessly about matters of public policy, he is a dungeon master on the NWN World of Avlis

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8 Responses

  1. Avatar Jaybird says:

    using ILO measures

    I wouldn’t be surprised if the *REAL* unemployment numbers are within a stone’s throw of each other if one takes the black/grey markets into account.Report

    • Nob Akimoto Nob Akimoto in reply to Jaybird says:

      ILO, Eurostat, take your pick, and the unemployment numbers are still extremely disparate and scarily out of whack and proportion.

      I’m really doubting that even taking black markets and barter exchanges into account would do anything to make these numbers look any better.Report

  2. Avatar Murali says:

    So, whither the Gap?Report

    • Nob Akimoto Nob Akimoto in reply to Murali says:

      Oh dear lord.


      I was going to play on to the whole rise of fascism thing, but the Gap?! That’s just inhumane to even consider.Report

      • Avatar Murali in reply to Nob Akimoto says:

        Sorry unintended pun. I meant to seriously ask what your take was on why there is an unemployment gap between greece and germany.Report

        • Nob Akimoto Nob Akimoto in reply to Murali says:

          I think it’s two fold.

          First – monetary policy conducted by the ECB which targets interest rates in line with inflation hawk expectations have mostly helped Germany (which has a strong export oriented economy) maintain its competitive edge within the Eurozone for manufacturing and preventing monetary devaluations from struggling economies as a means of offsetting the cyclical effects of a downturn. This is exacerbated by the fact that many of the countries badly hit by this monetary policy preferential treatment tend to be more service oriented, tourism or agricultural economies whose main products tend to go down in demand during downturns and as a consequence often try to use devaluation as a means of making them more attractive to foreign visitors.

          Second – there’s an element of serious bugger thy neighbor (yes, not a typo) policy going on here, in that Germany is very clearly taking counter-cyclical measures like Kuzarbeit to cushion the blows from the downturn while demanding loudly and publicly and rather self-righteously that everyone else cut down on their structural deficits and implement rather severe austerity plans.

          Look when the freaking IMF thinks your austerity policies are a bad idea, you’ve gone completely into bizarroworld.Report

        • Avatar Brandon Berg in reply to Murali says:

          That would be “whence.” “Whence” means “from what place,” and “whither” means “to what place.”Report

  3. Avatar JollyOrc says:

    you might want to consider a few things:

    – As opposed to Greece, Germany still has a somewhat functioning economy and a public sector.

    – The unemployment statistics in Germany are heavily manipulated. They don’t count a lot of actually unemployed folks as “officially unemployed”. If you’ve been sent to some extra training, are too old, too young, unemployed for a certain time already, etcpp.

    – There are a number of measures in place to force people into badly paid and often outright exploitive jobs. Jobs that, despite being full-time, don’t earn a living wage and thus qualify for extra money from the state.Report