Interesting highlight
from the article:
“Andy McAfee, a fellow
at MIT’s Sloan School of Management, notes that companies are getting more
productive without hiring more workers. Since the end of 2001, the nation’s
gross domestic product has risen about 20 percent. Meanwhile, the number of
hours worked has gone up by only 2.8 percent and the total number of U.S. jobs
has increased just 1.9 percent.”
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Frictional Unemployment Surge