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"... the study found that the number of new employer businesses has fallen 27 percent since 2006. ..." that's the bit I couldn't explain with technology. why t

• tomjen3 15y ago
  Not really but a crises or recession is typically when the no longer needed employees are laid of. As long as the times are good, people are willing to hire more than they nedd and unwilling to fire those they don't need. When the times turn bad, they can no longer afford the luxurery and the companies fire all those they can - which are more than those who have recently been made obsolete, essentially it is everybody who has been made obsolete or redundant since the last crises. The last crises was in the early 00, which means that everybody who has been made redundant between then and now are being fired in the current crises. If you recall how the internet was back then and compare it with how it is today, and you can start to see just how large a productivity increase we should be able to see.