9 Comments

What would be interesting would be similar data for the middle income countries. Especially China where there is now complaints regarding jobless growth for the typical white collar wannabe college graduates. The same is in India but there it exists at all levels of society. So the gap between aspirations and what is being on offer is tremendously disparate. I agree with you that better skills, problem and people matching is the only viable solution. These are still serviced by primitive CRUD databases with a front end at best.

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Dec 30, 2023Liked by Rohit Krishnan

By chance did you come across anything mentioning shifts in spending/demand when women were added to the work force? Presumably there should've been a massive increase in the number of consumers as they had more autonomy over their own spending... I assume this would appear in the data somewhere. Offsetting the increase in labor supply conundrum? Also, I would think the shift in family dynamics would impact demand side divorced couples now needing two houses two cars etc etc...

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In my experience, from a few years ago, there and whole departments which still aren’t on the computer system. Sometimes my records were printed, carried over to another department, and later reentered on the system.

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Perhaps the economic theories of Major Douglas go some way towards explaining the situation with which we are faced.

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