4 ms·
The reason I mentioned the long run and a populist revolutionist because it takes many years for the labor force to adjust. An entire generation that can't find
by fludlight 9y ago
The reason I mentioned the long run and a populist revolutionist because it takes many years for the labor force to adjust. An entire generation that can't find productive jobs for a decade is a very dangerous thing. This led to considerable political turmoil in the US in the 1930s. Unfortunately, I see something similar on the horizon in the service sector.