Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Wednesday, July 20, 2011
The world's second lowest productivity industry
Unemployment. Furthermore, despite decades of technological advance in the rest of the economy, unemployment remains stubbornly at the bottom of the pile. There have been no major efficiency gains in unemployment in the last hundred years.
Normally I am sceptical of industrial policy, but when the government starts talking about moving resources out of unemployment, I think there is good reason to believe that they might be picking a winner.
[regular readers of this blog will, of course, be aware of what the world's first lowest productivity industry is, and perhaps of the curious tendency of right-wing political parties to want to subsidise it]
this item posted by the management 7/20/2011 06:11:00 AM