SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: combjelly who wrote (463459)3/13/2009 9:24:31 PM
From: TimF3 Recommendations  Read Replies (1) of 1578494
 
The cost of labor wasn't the only reason people where out of work but it was significant. Not only did you have the normal problem during downturns where wages are slightly sticky, but real wages need to be lower if your not going to lay a bunch of people off, you also had deflation (making the same nominal wages higher in real terms), and you had government efforts (under both Hoover and FDR) to push labor compensation up, ranging from talking up the idea, to threatening regulation, to actual law and regulation, to indirect methods such as strengthening unions. Without these factors unemployment would have been lower, and then demand would have been higher.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News