Rogoff: "Of course, some increase in unemployment as a result of more rapid technological change is certainly likely, especially in places like Europe, where a plethora of rigidities inhibit smooth adjustment."
The old "it's the rigidities, stupid," scam! Except there's no empirical support for that perpetual claim. No *credible* empirical support, that is. http://ecologicalheadstand.blogspot.ca/2012/10/ned-ludd-emperor-rogoff-is-still-naked.html -- Cheers, Tom Walker (Sandwichman)
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