How low can the unemployment rate go with all of the manufacturing jobs having been sent to China?
What I'm asking is: What is the LOWEST possible unemployment rate in America, now that Walmart and the other retailers have succeeded in sending all of the manufacturing jobs to China? Obviously, we can't get down to the near zero effective unemployment that we had during the Clinton years. What is the lowest it can go in these times? 5%? 4.5%? 5.5%?
Asked By: George - 3/4/2012
Best Answer - Chosen by Asker
There are many jobs coming back. I pray for a full recovery.
Answered By: Callie - 3/4/2012
Additional Answers (2)
high fuel prices make the business model of shipping cheap goods from china less profitable. I challenge the very substance of your question.
Answered By: Al Bundy - 3/4/2012
During the Clinton years were you guys actually manufacturing all that cheap crap yourselves?
Answered By: K - 3/4/2012
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