richardhutnik on 28 July 2011
| Mr Khan said: Oil will crash, 2 billion of us will starve, and most of the rest will go back to work in the farms But seriously, the market should correct against that in the long run. If enough people become unemployed and the demand for manual labor drops low enough, employment will go back up, unless those losses come primarily from the minimum-wage sector, but no-one really makes a living off such employment anyway |
Why would employment go back up, unless businessed have a demand for more labor? If all sectors are automated so that it isn't needed, then where are people employed into?
