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That example doesn't hold up once you expand your view to other countries. Where are all these jobs that magically materialize in labour surplus economies like
by morkalork 9mo ago
That example doesn't hold up once you expand your view to other countries. Where are all these jobs that magically materialize in labour surplus economies like Brazil or Bangladesh?
- cal_dent 9mo agoYes, i do feel that many people woho talk about jevon's paradox element of employment have not spent much time in developing economies. You can have a lot of people doing absolutely nothing, economically, day to day and still have a functioning state
- tim333 9mo agoIn the UK we have approx 22 million adults doing not much so you can see it in developed places too.
- tim333 9mo agoGoogling Bangladesh unemployment seems to be 4.7% and GDP growth has averaged about 7% so not so different to elsewhere apart from faster growth from a low base?