Friday, June 24, 2011
Can employment ever catch up with productivity?
Over the past 30 years or so, unemployment has been high, compared to the previous 30 years, when unemployment was low. When unemployment is low, productivity gains go to labor; when unemployment is high, they go to capital.
BAD HARDWARE WEEK: After an entire generation in which debt has been growing much faster than GDP.
BAD HARDWARE WEEK: After an entire generation in which debt has been growing much faster than GDP.
THIS LINK posted by Joseph Bell : 3:11 PM
