GDP Macroeconomics
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GDP Macroeconomics
Gross Domestic Products and Macroeconomics
Curated by Sara Nabhan
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Do Illegal Immigrants Actually Hurt the U.S. Economy?

Do Illegal Immigrants Actually Hurt the U.S. Economy? | GDP Macroeconomics | Scoop.it
Undocumented workers represent a classic economic challenge with a fairly straightforward solution
Sara Nabhan 's insight:

Illegal immigrants, who are documented, help our economy rather than hurt it. The only problem arises because they are not evenly distributed. It is said that skilled native-born workers are faced with a choice of either accepting lower pay or not working in the field at all. Labor economists have concluded that undocumented workers have lowered the wages of U.S. adults without a high-school diploma — 25 million of them — by anywhere between 0.4 to 7.4 percent. This would have happened with or without these undocumented workers. Jobs have been a problem before the increase in illegal immigrants. They are not even accounted in the GDP. In my opinion, if they help get the job done, then it should be okay. Workers like Mr. Chan are paid much less and do the "dirty work" that other workers would have refused to do. Because he is not specialized, he will apparently "never move up." So, this doesn't hurt any other worker's ability or opportunity of getting a job. 

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GDP Gap Stuck at 6% | Angry Bear - Financial and Economic ...

GDP Gap Stuck at 6% | Angry Bear - Financial and Economic ... | GDP Macroeconomics | Scoop.it
A sharp drop in government spending, heavily concentrated in defense, coupled with a decline in inventories caused GDP to shrink at a 0.1 percent rate in the 4th quarter. Government spending fell at a 6.6 percent annual rate ...
Sara Nabhan 's insight:

A severe drop in government spending, mostly in defense, and a decline in inventories caused GDP to shrink at a 0.1 percent rate in the 4th quarter. Our GDP is currently negative. That's not shocking.Government spending fell at a 6.6 percent annual rate, driven by a 22.2 percent decline in defense spending. A 40.3 drop in the rate of inventory accumulation reduced growth by an additional 1.27 percentage points. Our potential GDP would have increaed at a 2.5 percent annual rate if these factors did not come into play. 

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World GDP Continues To Slow

World GDP Continues To Slow | GDP Macroeconomics | Scoop.it
THE world’s growth continued to slow in the third quarter of last year, according to The Economist's measure of global GDP, based on 52 countries. Global growth...

Via Ali Sajid
Sara Nabhan 's insight:

Based on 52 countires, the world's gdp is continuing to decline. The U.S was already obvious, but the world is following the U.S in its foreboding trails. Global growth fell by .4 percentage points until it reached 2.4 percent. Developed countries contributed a bit. There are emerging countries with growing economies too. 

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Ali Sajid's curator insight, January 19, 2013 7:12 AM

THE world’s growth continued to slow in the third quarter of last year, according to The Economist's measure of global GDP, based on 52 countries. Global growth fell by 0.4 percentage points from the previous quarter to 2.4%, its lowest level since the end of 2009.

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Democrats Scramble to Blame GDP Plunge on Republicans

Democrats Scramble to Blame GDP Plunge on Republicans | GDP Macroeconomics | Scoop.it

Politico has dubbed the negative growth numbers “Obama’s GDP headache,” calling it “bad news for Obama” because it contradicts the president’s “we’re-finally-roaring-back-narrative.” CNBC analyst Rick Santelli was more blunt. “We are now Europe,” said Santelli. “When you act like Europe, you get growth rates like Europe."

Sara Nabhan 's insight:

There has been a GDP contraction and Democrats are not blaming it on Obama's trillions on federal spending. The economy experienced negative growth at the end of 2012 with a -.1 % rate. Ouch. It's bad news for Obama and for our economy. His "roaring back story" is not being bought anymore. Our GDP is expected to grow a mere 2.5% in 2013. 

"The U.S. Department of Commerce defines the gross domestic product as "the output of goods and services produced by labor and property located in the United States." 

Obama might be wrong, but this definition is true. 

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Jordan Marsaw's curator insight, February 5, 2013 10:46 PM

Those evil, evil Democrats