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Could you argue that in a broader sense this exact same thing happens not just on the company level, but on the level of entire economies? I recall reading a fe
by mercer 11y ago
Could you argue that in a broader sense this exact same thing happens not just on the company level, but on the level of entire economies? I recall reading a few articles on how recessions/depressions often have a way of shaking up industries to align (or rather, catch up) with new innovations/developments.
- yummyfajitas 11y agoI imagine one could - certainly many companies which should die actually do die during a recession. Some structuralist theories are based on this. But this is just theory. The empirical grounding for labor hoarding is pretty solid.
- kaffeemitsahne 11y agoIt's like a spring/mass dragging across a rough surface: it stays behind until the tension gets too much, and then skips forward. You can find this effect in a lot of places.