....“Labour market flexibility may sound appealing, but it is based on a theory that runs completely counter to all the evidence we have,” Montier and Pilkington note. “The alternative theory suggests that labour market flexibility is by no means desirable as it results in an economy with a bias to stagnate that can only maintain high rates of employment and economic growth through debt-fuelled bubbles that inevitably blow up, leading to the economy tipping back into stagnation
[Read full article on Guardian
Sunday 26th of March 2017 01:23:10 PM
.... . On one measure, Mr Haldane said, total factor productivity had shown its longest stagnation
in more than 200 years. ...
[Read full article on BBC
Monday 20th of March 2017 08:03:10 PM