IDemo
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Sat Jul-11-09 01:43 PM
Original message |
Does the job "Multiplier Effect" eventually become the "Divider Effect"? |
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I've seen the term "Multiplier Effect" applied in different ways: banks create (multiply) money through loans; conventions and other large events ultimately bring in more money to an area than the ticket sales and restaurant receipts. I have read somewhere that manufacturing jobs have a multiplier effect - that is, they create between 2 and 5 other jobs in the local economy. Hi-tech and professional positions likely create even more than that.
My question for the financial wizards is: are we possibly headed for an upwards 'knee' in the unemployment curve because of the steadily diminishing returns/multipliers due to the loss of manufacturing, hi-tech, and other good paying jobs?
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rucky
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Sat Jul-11-09 01:57 PM
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1. Not a financial wiz, but I think we're already experiencing this. |
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Sat May 04th 2024, 08:00 AM
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