Reply To: Bring Back Shame

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#1117524
Avi K
Participant

Avram,

A rising tide lifts all boats. If people who have decent jobs do better they buy more. This creates more jobs.They can also give more to those who cannot work.

Everyone agrees that jobs lift people out of poverty. Moreover, the hero is the free market. Examples” Singapore, Hong Kong (even the Red Chinese are unwilling to kill this goose) and Slovakia. Not to mention Israel. In the early 2000s, Israeli living standards were comparable with those of Western Europe. In 2006, Israel was rated as having the 23rd-highest quality of life in the world by the United Nations Human Development Index. In 2010, Israel was ranked 15th in quality of life. In 2011, Bank of Israel Governor Stanley Fischer said that Israel had a standard of living two-thirds as high as that of the United States. Overall poverty is high because of two very significant sectors that do not, by and large, participate in the job market: Chareidim and Arabs. (Wikipedia – Standard of Living in Israel).