2 ms·
> the rapid technological progress of the 20th century that brought tremendous economic prosperity to humanity has finally come to a grinding halt Fine, I can
by diego_moita 10y ago
> the rapid technological progress of the 20th century that brought tremendous economic prosperity to humanity has finally come to a grinding halt
Fine, I can buy that. But stagnant productivity alone doesn't generate low employment. How do you explain low employment then?
- jganetsk 10y agoSecular stagnation
- robotresearcher 10y agoEmployment is not low, so we don't need to explain it. Despite what you were told by some people at election time, the US jobless rate is 4.9% which is internationally low and has been roughly the same for 60 years. In the golden 1950s that rate was down to 4% and had a peak of 10% in the early 1980s. US employment is pretty darn stable.