George PearkesAug 9, 2016
Deleveraging ➡️ Demand ⏬ ➡️ capacity ⏬ ➡️ low labor demand/high supply ➡️ labor cheap ➡️ substitution ➡️ ⏬ investment ➡️ ⏬ productivity
Show threadGeorge PearkesAug 9, 2016
⏬ productivity ➡️ labor more expensive relative to capital ➡️ substitution ➡️ ⏫ investment ➡️ higher capital base ➡️ ⏫ productivity
Show threadGeorge Pearkes
Oh also if you complain about low productivity you're not allowed to talk about robots stealing jobs, #pickone
Aug 9, 2016 at 12:55pmWeb
Show threadGeorge PearkesAug 9, 2016
Lmao @generalelectric gets it. https://www.youtube.com/watch?v=ESehH-sc6ak
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