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High Unemployment Rate in Resource Powers

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Blue Wizard
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Post: #1
High Unemployment Rate in Resource Powers

Fellow Players:

Sacraland is my second resource power, and much like my first resource power Wohareia, it suffers from a very high unemployment rate. Fortunately, my citizens are currently "very happy." Nevertheless, I do not understand why the unemployment rate is so high. There is a low capital tax, generous government spending, a healthy money supply, low interest rates, and brisk trade. If someone could please let me know if I am missing something, I would greatly appreciate it.

Thank you very much,

-Jay


“Courage will now be your best defence against the storm that is at hand-—that and such hope as I bring.” Gandalf the Grey
18.07.2015 19:07
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Helsworth
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Post: #2
RE: High Unemployment Rate in Resource Powers

Blue Wizard Wrote:
Fellow Players:

Sacraland is my second resource power, and much like my first resource power Wohareia, it suffers from a very high unemployment rate. Fortunately, my citizens are currently "very happy." Nevertheless, I do not understand why the unemployment rate is so high. There is a low capital tax, generous government spending, a healthy money supply, low interest rates, and brisk trade. If someone could please let me know if I am missing something, I would greatly appreciate it.

Thank you very much,

-Jay

Yes, it's an issue I have raised too with the Russia template state. In real life, Russia has no problem of double digit unemployment or above 6%. Even after Employment reform (with very low income tax to encourage labor participation) and large fiscal deficits, the unemployment rate trends to go up - automatization or state age having nothing to do with it. I know Ars-Regendi doesn't work according to the sectoral balances (G-T)= -(I-S) -(X-M) but I always insisted that the behavior of the unemployment rate in the non-USA template states is too unrealistic.
That goes for the India template state too. In real life, India is close to text-book full employment; good lack doing that in Ars-Regendi.


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This post was last modified: 02.12.2015 18:31 by Helsworth.

18.07.2015 20:04
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Blue Wizard
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Post: #3
RE: High Unemployment Rate in Resource Powers

Helsworth:

Thank you very much for your reply. As someone who is knowledgeable about this issue, what do you recommend that I do?

Thanks again,

-Jay


“Courage will now be your best defence against the storm that is at hand-—that and such hope as I bring.” Gandalf the Grey
19.07.2015 02:38
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