Of course Wolfgang Waldner is also right. If the relation between saving and income increases the employment effect is negative.
All these effects are captured by the employment equation (2014, p. 9, eq. (22)).
Kakarot-Handtke, E. (2014a). Economics for Economists. SSRN Working Paper
Series, 2517242: 1–29. URL
Kakarot-Handtke, E. (2014b). The Three Fatal Mistakes of Yesterday Economics:
Profit, I=S, Employment. SSRN Working Paper Series, 2489792: 1–13. URL