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View Diary: Productivity...Good or Bad? (27 comments)

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  •  Yes. You've just defined the current problem (3+ / 0-)
    Recommended by:
    akeitz, webranding, kurt

    of "jobless recovery". The GDP and corporate profits go up but the worker's condition stagnates or gets worse.

    Another factor we have seen in the last several years is the reduction of wages as a method to increase employment. This allows corporations to increase jobs without losing profits.

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