Re: [Pen-l] lump of labor

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] lump of labor
From: raghu <mraghu01@xxxxxxxxx>
Date: Mon, 22 Jun 2009 16:45:54 -0700
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On Mon, Jun 22, 2009 at 4:39 PM, Jim Devine<jdevine03@xxxxxxxxx> wrote:
> given the political balance of power, it is unlikely that this would
> occur with no cuts in weekly, monthly, or yearly pay being suffered by
> individuals. But it would spread the burden more evenly. I don't know
> whether or not this would be superior to the unemployment insurance
> system, which instead of spreading the joblessness burden, spreads
> money around. ]
>


I think a reduction in working hours even with reduced pay is better.
Layoffs are highly traumatic to say nothing of the economic
consequences. And I expect it is also overall much more expensive for
society as a whole to keep turning over its workforce all the time.
While there is something to be said for a mobile workforce, I can't
see how too much mobility can be a good thing even in narrow
productivity terms.
-raghu.



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Follow-Ups:
- Re: [Pen-l] lump of labor
  - From: Marv Gandall
- Re: [Pen-l] lump of labor
  - From: Carrol Cox

References:
- [Pen-l] lump of labor
  - From: Jim Devine

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Thread context:
- Re: [Pen-l] Growing a better world, (continued)
  - Re: [Pen-l] Growing a better world, Sandwichman Wed 24 Jun 2009, 15:54 GMT
    - Re: [Pen-l] Growing a better world, Gar Lipow Wed 24 Jun 2009, 22:04 GMT
      
      Re: [Pen-l] Growing a better world, Sandwichman Wed 24 Jun 2009, 23:44 GMT
- [Pen-l] lump of labor, Jim Devine Mon 22 Jun 2009, 23:04 GMT
  - Re: [Pen-l] lump of labor, raghu Mon 22 Jun 2009, 23:12 GMT
    - Re: [Pen-l] lump of labor, Carrol Cox Tue 23 Jun 2009, 01:38 GMT
      
      Re: [Pen-l] lump of labor, Bill O'Connor Tue 23 Jun 2009, 01:44 GMT
      
      Re: [Pen-l] lump of labor, Jim Devine Tue 23 Jun 2009, 13:10 GMT
    - Re: [Pen-l] lump of labor, Marv Gandall Tue 23 Jun 2009, 01:58 GMT

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