I'll admit to being an idiot about economics, but this sounded really interesting. It mentions Argentina quite a bit, so I'm curious what @Madrigal thinks of it. It also reminds me of something @ferrus mentioned a week or so ago, about how most economists are ahistorical and instead focus on immutable laws, which causes them to overlook things.


I'm inclined to think it's a positive development.

Why should we care about eliminating unemployment? Because it causes a lot of other problems.

I mean, what is the problem with this?
Income policies that tied wage increases to productivity increases in specific industries helped smooth the market by channeling workers into high-end sectors where productivity was increasing.
Fat chance of this happening in the U.S., though.