U.S. and Chinese Labor Markets: Interdependencies at Work

“He who asks a question is a fool for five minutes; he who does not ask a question is a fool forever.” –Chinese proverb For centuries before Michael Faraday, scientists had speculated that rather than being a unique phenomenon, electricity was linked to magnetism and gravitational forces. But how? For Faraday the answer lay in “having a model to teach me what to avoid.” The preponderance of discussions … “He who asks a question is a fool for five minutes; he who does not ask a question is a fool forever.” –Chinese proverb For centuries before Michael Faraday, scientists had speculated that rather than being a unique phenomenon, electricity was linked to magnetism and gravitational forces. But how? For Faraday the answer lay in “having a model to teach me what to avoid.” The preponderance of discussions today about jobs is not done in the context of a model of the economy nor does such discussion take into account the influences of growth, interest rates or exchange rates. This paper seeks to remedy that situation. Thank you for your interest in Wells Fargo’s Economic Commentary by Email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by Email registration page: http://www.wachovia.com/economicsemail.

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