News for hackers. Stuff that matters.
Re:Obama Administration Gives Up on Pacific Trade Deal by eru on Friday November 11, 2016 @04:59PM (#12934865)
People who can buy cheaper fridges. People who can sell cheaper fridges.
Re:Obama Administration Gives Up on Pacific Trade Deal by fucking_tragedy on Saturday November 12, 2016 @10:56AM (#12938454)
How can people buy cheaper fridges when they're no longer employed because it is cheaper to employ someone to do their jobs where safety, benefits and human rights don't exist?
Re:Obama Administration Gives Up on Pacific Trade Deal by eru on Saturday November 12, 2016 @03:17PM (#12939944)
Unemployment doesn't work that way. Otherwise, eg Singapore would have lots and lots of unemployment.

Enough aggregate demand and a flexible labour market lead to low unemployment. (And on the flip side, a shortfall of aggregate demand can lead to recession and high unemployment.)

Central banks can with their fiat currencies these days can always print enough money (eg quantitative easing) to prop up aggregate demand, if they choose so.