NP - The Myth of a Jobless Recovery

[Michael Bailey]

alice wellintown wrote as so often a well reasoned post, to a tiny bit
of which I wish to respond:

> There is a strong correlaton between productivity and wages. US and
> European workers get paid higher wages mostly because they are more
> productive than emerging economy workers, workers in nations like
> China and India.
>

there's some thinking, isn't there, that the higher wages actually
cause the higher productivity...rather than the other way around...

the pump that has to be primed is still human labor and creativity and
dedication, as it always has been and will be...that starts flowing
and it waters the economy and fructifies the world...

blood from a turnip, otherwise.  imho.