“In this context, Keynes is now irrelevant. ‘It is in determining the volume, not the direction, of actual employment that the existing system has broken down’ he wrote. That might have been true in the 1930s but it is not now. Redirecting labour requires not macroeconomic policy but specific measures targetting these egregious jobs.” #ChrisDillow https://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2024/09/beyond-tax-rises.html