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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (11441)	11/28/2001 5:01:03 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Governments make all sorts of employment laws, ostensibly to protect workers against employers. Hence the sticky wages. There are unions and all sorts of problems with changing staffing or their pay rates. The outcome is that employing people is problematic, so people prefer to employ machines, which don't have outsiders creating laws to tie up their employers in red tape. If wages were less 'sticky' then economic systems would react much quicker and unemployment would be reduced more quickly. Mq