Englund's Q How come that unemployment is rising when the recession is over?
It is the productivity, Stupid
For employment to rise GDP must increase more than Productivity (P), of course
deltaGDP/deltaP gives a nice Q
Rolf Englund 4/12 2009
I have been thinking about this since I read Marian Radetzkis in 1996.
Of course it is obvious. But the important thing is to understand its importance.
For employment to rise GDP must increase more than Productivity (P), of course
deltaGDP/deltaP gives a nice Q
Rolf Englund 4/12 2009
I have been thinking about this since I read Marian Radetzkis in 1996.
Of course it is obvious. But the important thing is to understand its importance.
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