Quote:
Originally Posted by bobman0330
You realise that nothing he says here is in anyway contrary or exclusive to your picture of the economy?
You are looking at massively broad generalisations of the economy such as GDP, employment etc.
You are not looking at the specifics of what is happening in the working conditions of employment.
One of the key reasons why employment and GDP remained relatively stable and has relatively recovered (though there has been no typical post recession boom) is because workers are doing more for less. This is very well documented.
Less does does not always mean less money, though it often does, for example it can mean, smaller overtime rate, less periods considered overtime in general , less money for mileage, less money for cover work, less holiday entitlement, less pension contribution and so on.
Its this kind of cost cutting at the workers expense that has allowed many firms to maintain their bottom line employment numbers.
Indeed instead of being contrarian to your perspective on the economy, much of what he describes is exactly what makes your perspective of the economy possible.
Last edited by O.A.F.K.1.1; 11-10-2016 at 04:22 AM.