1/- Very good article about how China is turning to “flexible” jobs as a way of reducing unemployment. The problem is that in China, like in most countries, most of these jobs involve finding ways to tap into dwindling consumer spending, and so worker...
scmp.com/economy/china-…
scmp.com/economy/china-…
2/- “flexibility” is more likely to involve transferring income from employed workers to unemployed workers than it is to increase workers’ income overall.
While it reduces unemployment levels, in other words, it doesn’t raise incomes or help resolve the problem of weak...
While it reduces unemployment levels, in other words, it doesn’t raise incomes or help resolve the problem of weak...
3/- consumer spending. The only sustainable way to boost employment and growth continues to be either more government spending on infrastructure, however unnecessary, more exports or import substitution, or more income transfers to the poor.
Most other countries face this...
Most other countries face this...
4/- same constraint, except that, unlike in China, infrastructure spending is probably needed, and of course the world as a whole cannot grow net exports.
