Monday, January 19, 2015

Carissa Shern, Introduction, Question #6


In the introduction of Naked Economics, I found two sections specifically interesting: the first was about American politicians claiming that the U.S. is "losing jobs" to other countries when in reality the jobs were not essential, and the other was the example of the French government cutting worker hours in order to have more work for others that backfired.  I've never thought about situations like these in an economical way before, but now I understand. In order to make more jobs you don't have to ration what you have, you must expand technology/industry to make more jobs.  Sadly, some jobs are sacrificed but normally these jobs are insignificant within the big picture.

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