(I presume that continues to be true for data going back further?)
So this (roughly) argues that unemployment ratios are cyclical (at least now-1990 or so): https://twitter.com/sknthla/status/697668746391846913 …
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What supports this continuing to hold true?
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@starsandrobots Yes, exactly. Moore's Law etc. You never know when you're at the knee of the exponential growth curve until it's too late. -
@starsandrobots OTOH exponential growth curves and S-curves look the same until they suddenly don't... ¯\_(ツ)_/¯
End of conversation
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The fix given is "spending" — does that mean basic income in the limit?
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@starsandrobots ...depression were similar to those of 2007.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@starsandrobots In R. Reich's film Inequality for all, he argues that the conditions that triggered the 1928 ...Thanks. Twitter will use this to make your timeline better. UndoUndo
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