Black Underclass: Poverty, Unemployment and Entrapment of

Format: Hardcover

Language: English

Format: PDF / Kindle / ePub

Size: 8.96 MB

Downloadable formats: PDF

So, in general, production is going to increase faster that the quantity of labor, and real wages are most likely to increase, unless there is some collapse in the money supply or the economy. Unfortunately, historical data do not support your 'theory'. As a recession undermines the business incentive to engage in fixed investment. Job gains fell to 151,000 in August from the June-July average gain of 273,000. Economists distinguish between five major types of unemployment, i.e., cyclical, frictional, structural and classical.

Pages: 220

Publisher: Jossey-Bass Inc.,U.S.; 1st edition (June 1980)

ISBN: 0875893929

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