Wednesday, April 21, 2004

The Ground Reality

This is not US-bashing, but just an example of the realities, which a high GDP growth, a strong currency, a strong international economic and political presence, and an enviable life-style can hide....

to quote:

"Every day in America, 85,444 workers lose their jobs. 14.7 million people are jobless, underemployed or have given up looking for work. 43.6 million people have no health insurance. 4,227 people file for personal bankruptcy. 12,878 workers are injured or made ill by their jobs. 6.8 million people are in the workforce but are still poor. 11 million children attend broken-down schools. ... "

What is true of US would also be true of many other fast growing economies... just to highlight that measures of growth can be pretty misleading!!!

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