tag:blogger.com,1999:blog-8817171247555815363.post7973821883429267911..comments2024-02-13T11:50:20.373+00:00Comments on True Economics: 14/8/2014: Recessions and the Cost of Job LossTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-49687673932327377272014-08-17T01:09:06.856+01:002014-08-17T01:09:06.856+01:00There doesn't seem to be much data on the effe...There doesn't seem to be much data on the effect of high covered employment/population ratios on society as a whole. Is there a fallacy of composition problem, in which high covered employment is detrimental? There is no significant sector for workers to come from or go to. Lifetime costs have to be paid from current wages. Historically formal employment was an order of magnitude less.<br /> <br />The individual may benefit by employment, but beyond a certain point it is a negative for the economy.Jim and Linda Kelleyhttps://www.blogger.com/profile/16837860762554929164noreply@blogger.com