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Beyond jobs

Does capitalism, with its accompanying technological disruptions, create more jobs than it destroys? Conventional wisdom says unequivocally “yes.” Each new wave of innovation eventually brings new jobs in number and value far greater than those it displaces. Telegraph readers become

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Posted in Economics, Uncategorized

Why the workforce is shrinking

The Washington Post’s Wonkblog presented a good summary this week of the intersecting factors contributing to steep declines in workforce participation. They identified three different dynamics at work, but unfortunately they left out one really important statistic that helps tie

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Posted in Economics
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