User:RobSmith
m (→U.S. Population growth, Employment, and the Money Supply) |
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[[File:US population Jun 1999 to Feb 2012.PNG|500px|left|thumb|'''U.S. Population Jun 1999 - Mar 2012.''']] | [[File:US population Jun 1999 to Feb 2012.PNG|500px|left|thumb|'''U.S. Population Jun 1999 - Mar 2012.''']] | ||
[[File:US employment Jun 1999 to Feb 2012.png|500px|left|thumb|'''U.S. Employment Jun 1999 - Mar 2012.''' In the same period only 3.5 million jobs have been created. ''In fact'', the U.S. workforce in Mar 2012 is the same size it was at the outset of 2001. While population has grown 32 million in eleven years, only one job has been created for every nine persons in population growth.]] | [[File:US employment Jun 1999 to Feb 2012.png|500px|left|thumb|'''U.S. Employment Jun 1999 - Mar 2012.''' In the same period only 3.5 million jobs have been created. ''In fact'', the U.S. workforce in Mar 2012 is the same size it was at the outset of 2001. While population has grown 32 million in eleven years, only one job has been created for every nine persons in population growth.]] | ||
| − | Meanwhile, the U.S. has suffered two recessions, with virtually no employment growth yet increasing population demands. While productivity gains, output per man hour, and overall employment have been static, the U.S. Money Supply (M1, cash in circulation + checking accounts) | + | Meanwhile, the U.S. has suffered two recessions, with virtually no employment growth yet increasing population demands. While productivity gains, output per man hour, and overall employment have been static, the U.S. Money Supply (M1, cash in circulation + checking accounts) has seen wide swings in growth -- as much as 10% during the 2001 recession and years following, and now 20% increases following the 2008 recession. |
[[File:M1 1999 to present annualized percent chng.PNG|500px|left|thumb|'''U.S. Money Supply''' ''Cash in circulation plus checking accounts'' (annualized percent increases from prior year).]] | [[File:M1 1999 to present annualized percent chng.PNG|500px|left|thumb|'''U.S. Money Supply''' ''Cash in circulation plus checking accounts'' (annualized percent increases from prior year).]] | ||
If employment and productivity increases have been negligible to static for eleven years, what can justify ''increasing'' the quantity of money in circulation by $1 trillion ($1000 billion), and ($800 billion of that in past three years? | If employment and productivity increases have been negligible to static for eleven years, what can justify ''increasing'' the quantity of money in circulation by $1 trillion ($1000 billion), and ($800 billion of that in past three years? | ||
Revision as of 20:54, 17 March 2012
Contents |
The Obama problem
Historical data
Another way of looking at it
U.S. Population growth, Employment, and the Money Supply
Background. From mid 1999 until Mar 2012 the U.S population grew from 280 million to 312 million -- more than 10% -- or 32 million persons.
Meanwhile, the U.S. has suffered two recessions, with virtually no employment growth yet increasing population demands. While productivity gains, output per man hour, and overall employment have been static, the U.S. Money Supply (M1, cash in circulation + checking accounts) has seen wide swings in growth -- as much as 10% during the 2001 recession and years following, and now 20% increases following the 2008 recession.
If employment and productivity increases have been negligible to static for eleven years, what can justify increasing the quantity of money in circulation by $1 trillion ($1000 billion), and ($800 billion of that in past three years?