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Business
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| Number of pages / Number of words: |
18 / 4935 |
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In our opinion, the driving force for such "strange" behavior is the redistribution of personal incomes in a new way after failure of the old economic and social organization. One can observe a fast evolution of PID in former socialist countries during the last 15 years from a truncated "socialist" version to a wide "capitalist" one...
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The third section provides some details of this analysis and shows that the observed unemployment in the USA is a lagged linear function of labor force change and inflation. Thus one can consider unemployment to be a result of those who tried to enter the PID at higher incomes but who induced inflation...
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