But then there´s no point here. Only a small part of the population have so little income that they can´t possibly save any and this part is the least affected by emancipation. The point is that due to higher wages, the average household will be less concerned with saving money and by consequence, spend more.Originally Posted by LegioXXXUlpiaVictrix
I find that too simplistic. Saving is - most of the time - a form of investment and investments are good for the economy. Less spending is bad if the people don´t have money to spend but if they just use the money in another way, the money is still in the economy.As for your economical argument, saving is a bad thing if you want the growth which is necessary for a capitalism to avoid huge unemployment. If there's not enough demand, i.e. consumption as opposed to saving, the capitalism results in unemployment.
As far as I know it´s the total amount of export of the entire economy. Anyway, it´s a simple truth that America is an import oriented country and Germany an export oriented one and Germany has higher unemployment.Finally, I again ask what kind of exports and imports these statistics are measuring. Is it only governmental import/export, or are also companies involved, or are only companies and no governmental affairs included? It matters a lot.
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