Re: Job flight

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

That is the standard answer in the economic literature.  What would have happened in
the post-World War II American economy without the federal government to prop up the
job market?


On Sun, Mar 28, 2004 at 04:09:23PM -0500, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >Supposedly, new technology lowers prices, which spurs new demand,
> >which reemploy as
> >the workers.  I'm not saying I accept this argument, but I have not seen many
> >economists eating crow.
>
> Several centuries of capitalist history are on the side of the
> non-crow-eaters, no? I like Ursula Huws's argument that one reason is
> the continued commodification of household tasks, an instance of
> capitalism's seemingly endless propensity to create new and
> profitable "needs."
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu