Origins, Workings and Energy Catalyst
by
Dr. Richard E. Itteilag
Language: English
Release Date: July 24, 2012
The Gates/Ellison Unemployment Trap. I.e., productivity v. unemployment or the Productivity Trap or the more the US economy innovates the more the US economy creates unemployment. The thesis here is that in United States (U.S.) capitalism, unemployment is 'sticky' at 9+% permanently regardless of U.S. government fiscal policy or even Federal Reserve Bank monetary policy.