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To: Kaslin

Here’s a test:

True or false question.

If you have 100 jobs that pay $100k a year and you lay them all off and replace them with 200 part time jobs that pay $30k per year, there are twice as many jobs.

Answer: True

In such a scenario, has the economy improved?

This is basically the situation we now find ourselves in.


5 posted on 11/08/2014 6:27:37 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf
In such a scenario, has the economy improved?

Ya know, France tried something similar in boom years of Reagan, lowering the numbers of hours in the official work week, expecting employers to hire people to make up for the loss in productivity.

And in the early 20th century, MA instituted child labor laws which the textile companies took to heart and closed the factories on the weekends, due to the lack of child labor. Riots ensured because that also meant the loss of income for adults and families.

11 posted on 11/08/2014 8:12:34 AM PST by Calvin Locke
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