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.
I have been thinking about this since I read Marian Radetzki in 1996.
Of course it is obvious. But the important thing is to understand its importance.
Read more here
For employment to rise GDP must increase more than Productivity (P), of course.
deltaGDP/deltaP gives a nice Q.
I have been thinking about this since I read Marian Radetzki in 1996.
Of course it is obvious. But the important thing is to understand its importance.
Read more here
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