Michael Perelman wrote: > > In the short run, one could probably identify is some relationship between > > recent technological change and employment.
Doug Henwood wrote: > During the U.S. productivity acceleration of the late 1990s, employment > grew rapidly. Productivity growth slowed after 2003 or so, and employment > growth was weak. How can this be explained? the connection between labor productivity growth and employment growth depends on how fast aggregate demand is increasing. All else constant, if labor productivity grows, employment shrinks. But all else constant, if aggregate demand for real GDP rises, employment rises. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
