If your income triples, but mine only doubles, am I worse off?
"This is the kind of evil shit you force into the minds your fellow commuters when you are being rude to them. It is only amplified when it is obvious that you know you are being a twatface, and you never know when people will snap and actually kill your monkeyass.
This is how close you are to getting killed everyday. Fuck anthrax, fuck mustard gas, and fuck terrorists, you’re in danger of pissing off your fellow New Yorker and having your throat pulled out of your face, all because you have to be absolutely comfortable 24/7."
The Phillips curve is named after New Zealand economist A. W. Phillips. In 1958 Phillips observed a negative relationship between the unemployment rate and the rate of wage inflation in data for the United Kingdom. The Phillips curve that economists use today differes in three ways from the relationship Phillips examined.
First, the modern Phillips curve substitues price inflation for wage inflation. This difference is not crucial, because price inflation and wage inflation are closely related. In periods when wages are rising quickly, prices are rising quickly as well.—Excerpt from inset: "The History of the Modern Phillips Curve", Chapter 13, Page 361, _Macroeconomics_ by N. Gregory Mankiw
Here is one resource that shows unemployment rates in Europe and the US over the last ten years. According to this, Paris is correct, Europe's rates are higher, although the gap is narrowing.
« Older Heterosexual marriage rates in Denmark increased a... | Substitutes for your honey fro... Newer »
This thread has been archived and is closed to new comments
Buy a Shirt