I thought I explained that in my first post in this thread. You didn't get it.

Gene

On May 10, 2008, at 4:03 PM, Doug Henwood wrote:


On May 10, 2008, at 6:46 PM, Michael Perelman wrote:

In the short run, one could probably identify is some relationship between
recent technological change and employment.

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?

Doug
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