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

To: Ilaine who wrote (12388)	1/1/2002 4:53:51 PM
From: Don Lloyd	Respond to of 74559

CB - ...As for unemployment, you're only partially correct. Improvements in technology causes fewer people to be needed for the same, or even a greater, level in production. Some people can adapt easily, some can't. Some Cobol programmers can learn C++, some can't. Some textile mill workers will find jobs working at Walmart, some won't.... Partially correct is pretty good for this early in the year. -g- If someone was able to be employed in the first place, it is unlikely that they absolutely cannot find some kind of new job, at some price, if an economy can still be said to exist. However, it is often entirely rational to be selective about what job, and wage rate, if any, to accept, but then the unemployment is voluntary. Regards, Don