Jobless Recovery Explained

Author: Cobb

Date: September 25, 2003

by Cobb
9-25-03
so explain this to me. how can this not be a bear market but people lose jobs?
simple. computer productivity made it so fewer people can do the same work.
but doesn't computer productivity also mean that the same people could do more work?
yes but we don't need more work, we need more money.
that makes sense, but somehow it doesn't seem fair if you don't have a job.
let's not bring class warfare into this.