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Re: How much tax..
OK.
Several key points of Mr. Colvin’s article are incorrect.
* He states:
“Respectable analysts believe it’s possible—not certain, but possible—that the U.S. standard of living, after decades of steady ascent, could stall or even begin to decline.”
After decade after decade of a rising Standard of Living since the Great Depression of the ‘30s, the Standard of Living of the vast overwhelming majority of American workers DECLINED by close to 20% during the twelve years of Reagan/Bush. This is straight from the Real Average Weekly Earnings data released by Poppy Bush’s White House Council of Economic Advisors.
* He states:
“China will produce about 3.3 million college graduates this year, India 3.1 million (all of them English-speaking), the U.S. just 1.3 million. In engineering, China’s graduates will number over 600,000, India’s 350,000, America’s only about 70,000.”
As I previously outlined, as a percentage of our respective populations, the U.S. has a larger number of twenty-two-year-olds receiving degrees in math, science, or engineering than any of our nation's major economic competitors.
* He states:
“Some economists believe they see it happening already. They note that something extremely odd occurred in the U.S. economy last year: Average compensation, including pay and benefits, fell. That is a rare event; the last time it happened was 14 years ago.”
No, Average Compensation fell in 2001, 2002, 2003, AND 2004, and will likely fall again in 2005.
* He states:
“The unemployment rate was low and falling.”
The Unemployment Rate fell, not because more jobless American workers went back to work, but because more jobless American workers are no longer counted as Long-term Unemployment skyrockets.
* He states:
“Our fourth-graders are among the world’s best in math and science, but by ninth grade they’ve fallen way behind.”
A myth.
Other countries separate out the students that are deemed appropriate to go on to attend universities, while the others are tracked into the trades and other job categories. Therefore, that comparison he writes about between our ninth-graders and other countries ninth-graders is invalid.
The rest of the article, in which he writes of problems with outsourcing and infrastructure, is accurate, but his prognosis remains faulty.
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OK.
Several key points of Mr. Colvin’s article are incorrect.
* He states:
“Respectable analysts believe it’s possible—not certain, but possible—that the U.S. standard of living, after decades of steady ascent, could stall or even begin to decline.”
After decade after decade of a rising Standard of Living since the Great Depression of the ‘30s, the Standard of Living of the vast overwhelming majority of American workers DECLINED by close to 20% during the twelve years of Reagan/Bush. This is straight from the Real Average Weekly Earnings data released by Poppy Bush’s White House Council of Economic Advisors.
* He states:
“China will produce about 3.3 million college graduates this year, India 3.1 million (all of them English-speaking), the U.S. just 1.3 million. In engineering, China’s graduates will number over 600,000, India’s 350,000, America’s only about 70,000.”
As I previously outlined, as a percentage of our respective populations, the U.S. has a larger number of twenty-two-year-olds receiving degrees in math, science, or engineering than any of our nation's major economic competitors.
* He states:
“Some economists believe they see it happening already. They note that something extremely odd occurred in the U.S. economy last year: Average compensation, including pay and benefits, fell. That is a rare event; the last time it happened was 14 years ago.”
No, Average Compensation fell in 2001, 2002, 2003, AND 2004, and will likely fall again in 2005.
* He states:
“The unemployment rate was low and falling.”
The Unemployment Rate fell, not because more jobless American workers went back to work, but because more jobless American workers are no longer counted as Long-term Unemployment skyrockets.
* He states:
“Our fourth-graders are among the world’s best in math and science, but by ninth grade they’ve fallen way behind.”
A myth.
Other countries separate out the students that are deemed appropriate to go on to attend universities, while the others are tracked into the trades and other job categories. Therefore, that comparison he writes about between our ninth-graders and other countries ninth-graders is invalid.
The rest of the article, in which he writes of problems with outsourcing and infrastructure, is accurate, but his prognosis remains faulty.
#
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