Looking Up - For What It's Worth

This April 2009 article highlights unemployment (US rates of which were rising fast at time of writing) as a "linchpin" of society, crucial for consumers' sense of wellbeing as well as their financial security: mass job losses might lead to riots.

Looking Up – For What It's Worth

J.Walker SmithYankelovich MONITOR®

China has a novel worry about today's global recession: whether its GDP growth this year will be enough to stave off civil unrest. The magic number for the Chinese government is 8 percent, the level necessary to stay even with growth in the Chinese work force and thus to create enough jobs to avoid discord, protests and riots.

Avoiding a GDP shortfall was the rationale for China's massive $585 billion fiscal stimulus program announced in November, as well as for the additional spending programsannounced in March....

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