Re:The rich world needs higher real wage growth
by dalbasal on Sunday July 01, 2018 @01:28PM
(#17436518)
That's exactly the point, it could mean anything.
In this case, I think "structural" is a euphemism for "equilibrium state," what would happen in the economy if everything stays as it is now long enough for things to settle down.
It's nonspecific even for a euphemism. "Structure" could mean "the type of products now made in the economy." It could mean "the fact that labour markets are internationalised," as the article stops short of alluding to a paragraph earlier. It could mean "the fact that we the economy is made of fewer, larger companies."
In this case, I think "structural" is a euphemism for "equilibrium state," what would happen in the economy if everything stays as it is now long enough for things to settle down.
It's nonspecific even for a euphemism. "Structure" could mean "the type of products now made in the economy." It could mean "the fact that labour markets are internationalised," as the article stops short of alluding to a paragraph earlier. It could mean "the fact that we the economy is made of fewer, larger companies."