Burgess Note

(Short) Commentary about Productivity

Burgess COMMENTARY
Economists have documented the impact of productivity improvement on workers' jobs and pay for more than 40 years but rather little has been done to address this structural unemployment that gets worse and worse while profits get bigger and bigger. How can people live when equilibrium unemployment is going to be upwards of 50%? I argue there is work to be done that will do good, but it won't make conventional profit! Peter Burgess http://truevaluemetrics.org
Peter Burgess