Re: [OPE] Employment outlook

juriaan: ... because output employee increased. the share of profit
in gdp is not relevant (to this issue).
michael

On 14 January 2011 23:40, Jurriaan Bendien <jurriaanbendien@online.nl> wrote:
> The only trouble with the equation is that logically, if labour force growth
> (specifically the employed labour force) equals zero, output growth must be
> zero too.
>
> In the US, the employed labour force stayed constant in the second half of
> 2010, but real GDP increased by about 2% each quarter. That does not fit the
> equation.
>
> If the employed labour force did not increase but real GDP does increase,
> that's because the share of gross profit increased significantly faster than
> compensation of employees
>
> J.
>
>
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-- 
Michael Webber
Professorial Fellow
Department of Resource Management and Geography
The University of Melbourne
Mail address: 221 Bouverie Street, Carlton, VIC 3010
Phone: 0402 421 283
Email: mjwebber@unimelb.edu.au
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