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to zero in the long run. We show that these restrictions imply that unemployment due to automation is expected to …
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"How can we reduce unemployment? As this insightful and counterintuitive book shows, the surprising answer is … increasing unemployment or impairing economic growth, the author claims, through increased investment in physical and human …
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Cover -- Title Page -- Copyright Page -- Dedication Page -- Contents -- Acknowledgments -- 1. Introduction: How Inefficiency Can Be Beneficial -- 2. Idling Workers I: Convicts and Women -- 3. Manufacturing for International Markets -- 4. Environmental Limits: Food and Water -- 5. Environmental...
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unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …
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