Unemployment in developed nations solved by a shorter work week
Do you realize that almost all countries in the world now have high unemployment? If one country finds a solution to unemployment in their nation it most likely will be at the expense of higher unemployment in other nations. China’s great industrial expansion in the last two decades should make that fact abundantly clear.
Industrialization of once largely agricultural societies like China and India have put out of business many manufacturing jobs in many nations in a very short period because with abundant cheap labor they can undersell them. The industrial workforce on our planet has almost double in a few decades and that is the reason for the high unemployment in the world.… continue reading