For a variety of reasons, we are not producing at a given level of economic activity the jobs we used to have.
Tim Bishop
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Foreign trade clearly holds down the cost of products we buy.
- Tim Bishop -
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In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
- Tim Bishop -