Where will economic growth come from?

Originally posted by whodey
The question must be asked, with such an ever increasing segment of society leaning toward socialism and at war with capitalism, is recovery really what these people want? I mean, if they think capitalism is the source of all evil in the universe then they don't want economic growth. In fact, I'm sure many of them think of economic growth as merely an exten ...[text shortened]... ment and abroad that have brough us to this point have done so because they want a new system?

You should really write a book, or something. At least start a blog.

Originally posted by normbenign
Pure scientists often discover things that technologists make practical.

Sure they do, always have.
Kazet did not explain why this would create more jobs than usual and improve our economy.

Originally posted by AThousandYoung
Why do you think chemistry grad students get paid for going to school?

Nobody gets paid for going to school. People get paid after they go to school when they are qualified to do a job. Some people go to school and get a degree and still can't get a job. Many of those people are protesting at OWS about student loans they can't repay.

Originally posted by Metal Brain
You have not answered my question. You also have not named a single country that has near full employment.
Science by itself does not create jobs. I can do science all day and not employ anybody. My point was that you have not shown how the things you listed leads to higher employment.

Here are some: Australia, Norway, Switzerland, Netherlands.

My job is doing science, so that makes at least one job... Not to mention all the jobs that rely on modern technology, like... pretty much all of them.

Originally posted by KazetNagorra
Here are some: Australia, Norway, Switzerland, Netherlands.

My job is doing science, so that makes at least one job... Not to mention all the jobs that rely on modern technology, like... pretty much all of them.

Norway and Switzerland would be a yes; their unemployment is reported at 2.8%.

Australia's unemployment rate is 5.2% and the Netherlands 5.6% as of September 2011. Last I knew, 4% was considered a benchmark for "full employment".

Originally posted by Metal Brain
Nobody gets paid for going to school. People get paid after they go to school when they are qualified to do a job. Some people go to school and get a degree and still can't get a job. Many of those people are protesting at OWS about student loans they can't repay.

If you get a bachelor's degree and then are accepted into chemistry graduate school you will get paid for it. You will be working as an teacher's assistant and doing grunt work in the lab. When I was an undergraduate I remember some students who were helping the professor invent a new medicine for the common cold.

Originally posted by no1marauder
Norway and Switzerland would be a yes; their unemployment is reported at 2.8%.

Australia's unemployment rate is 5.2% and the Netherlands 5.6% as of September 2011. Last I knew, 4% was considered a benchmark for "full employment".

"near full employment"

Originally posted by KazetNagorra
Here are some: Australia, Norway, Switzerland, Netherlands.

My job is doing science, so that makes at least one job... Not to mention all the jobs that rely on modern technology, like... pretty much all of them.

That still doesn't explain how it will create enough jobs to improve the economy.

Originally posted by Metal Brain
That still doesn't explain how it will create enough jobs to improve the economy.

Do I really have to explain how advances in technology might create jobs?

Originally posted by KazetNagorra
Do I really have to explain how advances in technology might create jobs?

Often it seems as though it destroys jobs.

Originally posted by KazetNagorra
Do I really have to explain how advances in technology might create jobs?

Not necessarily how. Explain why it will create more jobs than it is now.

Originally posted by Metal Brain
Not necessarily how. Explain why it will create more jobs than it is now.

Science may not create more jobs but it does create high added value jobs.

Originally posted by wittywonka
You should really write a book, or something. At least start a blog.

It's a fair question. Pretty much everyone on this site has given up on capitalism or actively hate it.

So who wants a recovery? Do you?

Originally posted by whodey
It's a fair question. Pretty much everyone on this site has given up on capitalism or actively hate it.

So who wants a recovery? Do you?

Really? Who would you say has "given up on capitalism" or "actively hates" capitalism?

Originally posted by no1marauder
Norway and Switzerland would be a yes; their unemployment is reported at 2.8%.

Australia's unemployment rate is 5.2% and the Netherlands 5.6% as of September 2011. Last I knew, 4% was considered a benchmark for "full employment".

Is unemployment calculated in similar manner from nation to nation. In short are the statistics comparable?