Occasional Xs: How it works (XLVIII)

 

The macroeconomic #EmploymentLaw ↓ tells one how employment L moves with the #FactorCostRatio ρF (avg #WageRate W, #Price P, #Productivity R) & the #ExpenditureRatio ρE. It says that a falling #WageRate W decreases #Employment/increases #Unemployment. ⇒https://t.co/VibWtThfqQ pic.twitter.com/DXUXCbyhX7

— E.K-H (@AXECorg) September 13, 2023

For details of the big picture see cross-references Employment.