Holy Capitalism - Itteilag, Richard E.
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The Gates/Ellison Unemployment Trap. I.e., productivity v. unemployment or the Productivity Trap or the more the US economy innovates the more the US economy creates unemployment. The thesis here is that in United States (U.S.) capitalism, unemployment is 'sticky' at 9+% permanently regardless of U.S. government fiscal policy or even Federal Reserve Bank monetary policy.

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The Gates/Ellison Unemployment Trap. I.e., productivity v. unemployment or the Productivity Trap or the more the US economy innovates the more the US economy creates unemployment. The thesis here is that in United States (U.S.) capitalism, unemployment is 'sticky' at 9+% permanently regardless of U.S. government fiscal policy or even Federal Reserve Bank monetary policy.