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Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
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  • dancing diva
    , contributor
    Comments (2547) | Send Message
     
    So, what do you think of the Bronco's chances?

     

    On a more serious topic you mentioned the growth in retail jobs. I've been confounded by the growth in retail sales over the past three years considering the soft economy. But I recently looked at the growth in gov't support for things like food stamps - which has been huge - and that may provide the explanation.

     

    Frankly I was surprised to see how generous the benefits - so much so that it doesn't often pay for the second adult in a two person household to work in a low paying job since big benefits could be lost. Or the benefits could induce some to illegally work off the books.

     

    Some 15% of the population got food stamps as of July 2012 (now called SNAP - supplemental nutrition assistance program), up from 11.7% in July 2009 and 8.8% in July 2007. I can't help think the labor participation rate would be lower if payments weren't so high.

     

    I don't want people to go hungry, but you have to wonder whether we're seeing more unintended consequences of the gov't programs.
    8 Dec 2012, 09:13 AM Reply Like
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