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.
http://www.thenation.com/article/196...ers-think-tank
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?
Fat chance of this happening in the U.S., though.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.
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