The labor force of the 1930s was sapped by over-allocation in unproductive industries. Specifically, much of the labor share was occupied in the sitting around feeling depressed and wishing you had a job industry. Economic conditions improved as workers shifted out of that industry and into more productive ones, such as all of them.
The labor force of the 1930s was sapped by over-allocation in unproductive industries. Specifically, much of the labor share was occupied in the sitting around feeling depressed and wishing you had a job industry. Economic conditions improved as workers shifted out of that industry and into more productive ones, such as all of them.
ADB I’m not sure what your intended connotations are, but I’d guess I’d OC.