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Keynes Is Dead, Abenomics Fizzles, US Fails to Reach Escape Velocity, Stimulus Fatigue

MishTalk

The chances are that the global economy, weighted by nominal GDP at current exchange rates, will grow at 2 percent Globalization, turbo-powered by information technology, has cut short the feedback loop between demand stimulus and supply response. The 2008 crisis prompted a pause. It continued in the following three years.

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Paying Skilled Workers More Would Create More Skilled Workers

Harvard Business

Nevertheless, few would argue that information technology permanently increased unemployment. The labor force adjusted to a new technology replacing an older one. Our data shows that these kinds of adjustments do indeed happen, and that they happen fast enough to prevent unemployment from going up.

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Deflation Will Return: Europe First, Then US; Global Supply Arbitrage

MishTalk

Today''s information technology allows a multinational company to position research, marketing, finance and managerial jobs to anywhere. For details, please see Employment vs. Jobs Discrepancy based on December 2013 Data, released in January. Hence, when a country stimulates demand, it''s met by supply from anywhere.

Banking 78
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The H-1B Visa Debate, Explained

Harvard Business

It has benefited the tech industry enormously, and other sectors, including health care, science, and finance, have also used it to fill gaps in their workforces. There were approximately 180,000 new H-1B visas issued in 2016, according to State Department data. But in April, just after U.S. Who gets H-1Bs?