Non Sequitur by Wiley Miller for February 17, 2011
February 16, 2011
February 18, 2011
Transcript:
How to tell it's still an employer's job market...
How to tell it's still an employer's job market...
Productivity always goes up in a recession. Companies start by laying out the least productive employees raising the average level of those who remain.
Perhaps we need a law mandating that companies lay off the most productive first. The faster output falls, the more employees the company will have to keep. We’d end up with higher employment and lower GDP, the reverse of what we have now.