View Full Version : Cairo, Egypt and Cairo, Illinois ..SPENGLER

09-19-2011, 04:16 PM
Only half of the 51 million Egyptians between the ages of 15 and 64 are counted in the government's measure of the labor force, which is why the official unemployment rate stands at only 11%. ....America's labor force of 153 million, by contrast, comprises three-quarters of the population aged 15 to 64..... If Egypt's labor force were counted in the same way as America's, the unemployment rate would be 40%...... The effective unemployment rate is even higher, for three-fifths of Egyptians live on the land, while the country imports half its caloric consumption.

Agriculture productivity in Egypt is so poor that most farm labor must be considered disguised unemployment. 30% of Egyptians of the relevant age, moreover, attend university, while only half graduate, and of those, few find employment. Perhaps an additional 3 million Egyptian unemployed are warehoused in the university system.
Cairo, Egypt - the site of President Barack Obama's effusive address to the Muslim world in June 2009 - is becoming the world's epicenter of despair. Five years earlier, as a candidate for Illinois State Senate , Obama also spoke in Cairo, Illinois, at the southern tip of the state where the Ohio and Mississippi Rivers converge..... It merited a mention in his campaign book The Audacity of Hope: "We discussed what might be done to restart the area's economy and get more money into the schools; we heard about sons and daughters on their way to Iraq and the need to tear down an old hospital that had become a blight on downtown."

A third of Cairo's population lives below the poverty line and its unemployment rate is 12%. Three-fifths of its people are African-American. Obama singled it out as a subject for hope and change. There is a component of the American population whose marginalization compares to Egypt, and that is African-Americans aged 16 to 19 years. Their official unemployment rate is 46.5%, although the effective rate is much higher, for only 13% of blacks in that age bracket actually have jobs. Only a quarter of black high school seniors will graduate college.