kraryal comments on The Robots, AI, and Unemployment Anti-FAQ - Less Wrong

47 Post author: Eliezer_Yudkowsky 25 July 2013 06:46PM

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Comment author: EHeller 24 July 2013 06:55:39AM 4 points [-]

I think its worth noting here that NGDP never had "catch-up" growth, its still far below the previous trend, and the output gap is closing very slowly. So the simple explanations that tie NGDP growth to job growth don't have to break to establish the type of "jobless" recovery we are still seeing. Okun's law has been holding pretty well throughout the great recession.