4 ms·
It is easy. Fire one 40 hours worker. Hire thirty-nine 1 hour workers. Congratulations! You've increased your "labor force" by 3800% !!! You have a net loss of
by Zarathust 14y ago
It is easy. Fire one 40 hours worker. Hire thirty-nine 1 hour workers. Congratulations! You've increased your "labor force" by 3800% !!!
You have a net loss of 1 man-hour however. I'm not totally sure how this relates to inflation, but jobs absolute numbers and gdp are only slightly related.
Another example would be to fire everyone making more than 100k$/year and relocate them to potato farming. In terms of gdp, this would be a net decrease despite the absolute worker count remaining the same