For the 19th time in 16 years, The Economist has trotted out its reactionary lump-of-labour fallacy claim, this time in deference to the hoary proposition that unemployment is caused by wages being too high:
http://www.economist.com/world/britain/displaystory.cfm?story_id=14062327 Sandwichman replies: http://econospeak.blogspot.com/2009/07/only-so-much-boilerplate-to-go-round.html -- Sandwichman
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