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Article #11129Re: Sears stores closing in New Orleans and D.C.
From: Douglas W. Sauder
Date: Tue, 23 Feb 1993 16:07
Date: Tue, 23 Feb 1993 16:07
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It may be true that our economy in this country looks bad to us. But compare our economy to the economies of other countries in the world, and we don't look so bad. Probably a good reason for this is that we have the most flexible workers. Unemployment during the recent recession ran into the 7% range. But compare this to other countries, where double digit unemployment is not uncommon. Look at what is happening in Russia. They propped up inefficient industries for many years. Now it has all caught up with them. We, on the other hand, permit our restructuring to happen incrementally. 7% unemployment today in order to avoid 25% unemployment 25 years from now. Or 500 layoffs now, in order to avoid thousands of layoffs in the future. -- Doug S.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 101049,7290ac5c29fb5da3 X-Google-Attributes: gid101049,public X-Google-Thread: 107518,7290ac5c29fb5da3 X-Google-Attributes: gid107518,public X-Google-ArrivalTime: 1993-02-23 08:07:24 PST Path: arc1-ca.pugleaf.net!sparky!uunet!gatekeeper.us.oracle.com!sgiblab!darwin.sura.net!mojo.eng.umd.edu!dougs From: dougs@eng.umd.edu (Douglas W. Sauder) Newsgroups: misc.consumers,dc.general Subject: Re: Sears stores closing in New Orleans and D.C. Date: 23 Feb 1993 16:07:24 GMT Organization: Project GLUE, University of Maryland, College Park Lines: 17 Distribution: dc Message-ID: <1mdi3sINN1qq@mojo.eng.umd.edu> References: <1993Feb12.002508.47292@r-node.pci.on.ca> <1m804cINNo57@access.digex.com> NNTP-Posting-Host: bandwidth.eng.umd.edu