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Trickle-down economics is "wrong" according to the IMF
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Quote:Biggest issue that no one wants to talk about: the increased supply of labor when women entered the workforce. You can't just add 75% to your supply and expect demand to remain the same. I'm not saying it's bad, it just is. When women enter the work force, they earn money and become consumers. So you have added to the supply of labor, but you have also added to the demand for goods and services, which raises the demand for labor. And aside from that, countries that refuse to utilize half their talent base are at a severe competitive disadvantage against other countries who take full advantage of all the talent they have. |
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