Observation:
1)US output recovered in early 2009, but the number of people employed kept falling.
2)Productivity increase...
Why?
American workers have been squeezed because needed to work longer hours for the less/same pay. US corporates have not hired aggresively, so it create low job growth.
Conclusion:-
There's some point where Corporate will start hire aggresively due to demand is not collapse.
Catching the next Korean wave
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