Why was there low unemployment in the 90s?

[Brad DeLong]

>Brad, should you not add a qualifier that the translation would be likely
>to occur in competitive industries.
>
>On Sun, Jun 30, 2002 at 07:52:22PM -0700, Bradford DeLong wrote:
>>
>>  Productivity gains are as likely (more likely) to translate into
>>  lower prices than higher profits. The distribution of profits across
>>  industries has something but not a lot to do with the distribution of
>  > productivity...

Yes. So don't use Intel chips or Microsoft software, and you should be OK...


:-)