Bad Breaks in Real GDP and Employment PDF Download

Author: Harrison C. Hartman
Publisher: Springer Nature
ISBN: 3031577698
Category :
Languages : en
Pages : 148

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Author: United States. Congress. House. Committee on Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132

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Author: Mr.Bas B. Bakker
Publisher: International Monetary Fund
ISBN: 1513599380
Category : Business & Economics
Languages : en
Pages : 60

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This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of adjustment of real wages and the impact this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real wages adjusted when the economy slowed down. But in some countries real wage growth stayed too high for too long. The result was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust adequately.

Author: Robert C. Holmes
Publisher: Rutgers University Press
ISBN: 0813598788
Category : History
Languages : en
Pages : 362

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In 1970, Kenneth Gibson was elected as Newark, New Jersey’s first African-American mayor, a position he held for an impressive sixteen years. Yet even as Gibson served as a trailblazer for black politicians, he presided over a troubled time in the city’s history, as Newark’s industries declined and its crime and unemployment rates soared. This book offers a balanced assessment of Gibson’s leadership and his legacy, from the perspectives of the people most deeply immersed in 1970s and 1980s Newark politics: city employees, politicians, activists, journalists, educators, and even fellow big-city mayors like David Dinkins. The contributors include many of Gibson’s harshest critics, as well as some of his closest supporters, friends, and family members—culminating in an exclusive interview with Gibson himself, reflecting on his time in office. Together, these accounts provide readers with a compelling inside look at a city in crisis, a city that had been rocked by riots three years before Gibson took office and one that Harper’s magazine named “America’s worst city” at the start of his second term. At its heart, it raises a question that is still relevant today: how should we evaluate a leader who faced major structural and economic challenges, but never delivered all the hope and change he promised voters?

Author: David Graeber
Publisher: Simon & Schuster
ISBN: 1501143336
Category : Business & Economics
Languages : en
Pages : 368

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From bestselling writer David Graeber—“a master of opening up thought and stimulating debate” (Slate)—a powerful argument against the rise of meaningless, unfulfilling jobs…and their consequences. Does your job make a meaningful contribution to the world? In the spring of 2013, David Graeber asked this question in a playful, provocative essay titled “On the Phenomenon of Bullshit Jobs.” It went viral. After one million online views in seventeen different languages, people all over the world are still debating the answer. There are hordes of people—HR consultants, communication coordinators, telemarketing researchers, corporate lawyers—whose jobs are useless, and, tragically, they know it. These people are caught in bullshit jobs. Graeber explores one of society’s most vexing and deeply felt concerns, indicting among other villains a particular strain of finance capitalism that betrays ideals shared by thinkers ranging from Keynes to Lincoln. “Clever and charismatic” (The New Yorker), Bullshit Jobs gives individuals, corporations, and societies permission to undergo a shift in values, placing creative and caring work at the center of our culture. This book is for everyone who wants to turn their vocation back into an avocation and “a thought-provoking examination of our working lives” (Financial Times).

Author: Jaejoon Woo
Publisher: Oxford University Press
ISBN: 0192633430
Category : Business & Economics
Languages : en
Pages : 240

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South Korea's economic miracle is a well-known story. However, today Korea is confronting a new set of internal and external risks, which may foreshadow the next crisis. The Korean economy has been struggling with the faltering growth momentum and the rise of unprecedented socio-economic problems over recent years well before the pandemic crisis. After abrupt downshifts to markedly slower growth in the early 2000s, economic growth has continued to decelerate. Koreans are grappling with slow income growth, all time-high household debt, high youth unemployment, inequality, and social polarization. Politics is in disarray and is incapable of directing social discourse for the common good. Rapid population aging along with the world's lowest fertility rates stokes fears of Japanification. Simultaneously, disruptive technologies and fast-changing business environment such as the rise of China clash with a range of long-standing structural problems. The contemporary challenges are radically different from those seen in the early stages of industrialization. There are multiple risks that threaten to self-perpetuate low or stagnant growth over the next decade or so, if not an outright financial crisis. Motivated by these latest developments, this book seeks to provide a timely and in-depth analysis of key current issues and foreseeable challenges of the economy, with a provocative reassessment of its future. Based on extensive new empirical works, it examines the underlying causes of the socio-economic problems. In a constructive spirit, it puts in perspective what would constitute critical elements of ideal policy solutions and the direction of the future government's role.

Author:
Publisher:
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Category : India
Languages : en
Pages : 1512

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Author:
Publisher:
ISBN:
Category : Dollar, American
Languages : en
Pages : 32

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Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

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Author: J. van Rensburg
Publisher: McGraw Hill
ISBN: 1526848732
Category : Business & Economics
Languages : en
Pages : 547

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Book Description
Economics studies how people, businesses and governments use resources. What shapes our decisions? How do we allocate goods and services? What does a rational choice look like? In this third edition of Economics: A Southern African Context, the authors expertly guide us through the key principles of economics, providing a solid foundation in the subject. The text combines relevant Southern African examples with a clear and accessible narrative. By encouraging critical engagement with economic theories, it provides a basis for examining today’s economic, social, and political issues. Key Features: •A new structure to refocus the book and align with teaching •Additional online chapters, including the Economics of Pandemics, available in Connect® •Fully updated pedagogy, including Interactive Graphs, Last Word, and Quick Quiz boxes •Discussions on new developments in economics, such as the consequences of COVID-19 and the impact of BRICS membership on trade in South Africa •Revised end-of-chapter content to test comprehension, including Review Questions, Discussion Questions and Problems, available in Connect® Economics: A Southern African Context is available with McGraw Hill’s Connect®, the online learning platform which features resources to help faculty and institutions improve student outcomes and course delivery efficiency. Jan J. Janse van Rensburg is a lecturer at the University of Pretoria. His main area of interest is in teaching and course development with a focus on Principles of Economics. He also specializes in Health Economics, concentrating on the economic effects and costs of substance abuse. Campbell R. McConnell was a professor at the University of Nebraska-Lincoln, where he taught from 1953 until his retirement in 1990. Stanley L. Brue is a professor at Pacific Lutheran University, where he has been honoured as a recipient of the Burlington Northern Faculty Achievement Award. Sean M. Flynn is an associate professor of economics at Scripps College in Claremont, California.