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simply not true. The number of new jobs created decade over decade have gone down and the politicans have redefined what constitute a job, most today are tempor
by ThomPete 10y ago
simply not true. The number of new jobs created decade over decade have gone down and the politicans have redefined what constitute a job, most today are temporary. You are ironically making the fallacy of the luddite falkacy. Jobs have been created in the world, not in the west. Unemployment numbers are based on temp jobs no real jobs.
- Jabanga 10y agoPeople work fewer hours but the aggregate demand for labour per capita has increased substantially, meaning the average person earns far more per day than people in the past, working fewer hours per day. If people chose to work more hours, the hourly wage would decrease somewhat, but total wages paid out would still increase, since it would contribute to higher levels of production. In other words, people work less because they choose to work less, not because there is less demand for their labour. There is objectively more aggregate demand, as measured by constant dollars spent on it, for labour per capita.