Fortunately, the WSJ Opinion pages assures us there cannot be "too much labor" -- that would be a fallacy.
Economists call this the lump of labor fallacy, which holds that the amount > of available work is fixed. If one person gets a job, another loses it. But > the addition of new workers into a market, especially skilled workers, can > increase the productivity of companies in a way that expands the supply of > work for everybody. > On Fri, Apr 24, 2015 at 7:33 AM, Eugene Coyle <[email protected]> wrote: > Here is something from WSJ.com that might interest you: > > Global policy dilemma: Too much of almost everything > http://on.wsj.com/1Ok6t4m > > > The WSJ notices that there is "too much labor." That means, of course, > pressure on wages, and consumption. > > Gene > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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