Blogs
EconLog | Trade, Mechanization, and Displacement
There is an equivalence between mechanization and opening up new avenues of trade. Both increase average productivity. Both serve to displace existing workers. Both can be fit easily into the framework of Patterns of Sustainable Specialization and Trade.
Political Calculations | The Real Employment Situation in April 2011
...if you look closer at the seasonally-adjusted household survey portion of the report, you’ll find that 190,000 fewer Americans were counted as having jobs in April 2011 than had jobs in March 2011.
EconLog | Cyclical vs. Technological Unemployment
There are some awkward questions to be raised about the relationship between cyclical and technological unemployment. It would seem that productivity is increasing all the time. Why does the unemployment rate vary by so much across time?
