3 ms·
I don't think so. Lack of workers means you cannot e.g. produce all the goods you want to produce. This will result in less goods being sold -> recession. So ba
by fileeditview 3y ago
I don't think so. Lack of workers means you cannot e.g. produce all the goods you want to produce. This will result in less goods being sold -> recession. So basically the lack of workers could be understood as a potential to grow but if you cannot satisfy the demand for workers it will have the opposite effect.
I am not an economist so it might be totally wrong but that is my understanding.
edit: fixed typos
- Am4TIfIsER0ppos 3y agoIf you produce N goods now and want to produce N+1 goods but cannot find labor how does that result in producing N-1 goods?
- fileeditview 3y agoWho is saying that you still can produce N goods? If you don't have enough workers (anymore). Having the potential to grow (e.g. orders) doesn't mean you cannot shrink at the same time because you just cannot produce e.g.
- Am4TIfIsER0ppos 3y agoIndeed. "grow" was in one of the parents so I assumed everyone was meaning more leading to my post.