Wednesday 18 October 2017

Brendan Keenan: Solving our unemployment riddle a work in progress

But Europe could revisit the thorny issue of the link between wages and productivity

I used to get regular correspondence -- as did many others -- from a man who believed we were all missing the point about unemployment: to wit that technology meant there was just less demand for labour.

I think he may have given up; and it is true his theory failed to get a good airing. The reason was probably that it looked suspiciously like what is called the "lump of work fallacy".

It was applied to shoot down those who objected to giving equal opportunity to women, or raising the retirement age, or anything else which appeared to increase job demand.

Please sign in or register with for free access to Opinions.

Sign In Comments Facility

INM has taken the decision to remove the commenting facility on its online platform to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website

Don't Miss