Sunday, February 26, 2012

Quote of the day

not since the Black Death can there have been such a fall in workers

1 comment:

Withywindle said...

Even if true (taking the Black Death as every plague from ca. 1345 to 1500), what matters is productivity, what each worker can provide to support each retiree/beneficiary. So the comparison is not as stark as all that. Which surely in Econ 101?

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