tag:blogger.com,1999:blog-7562826833514049440.post128720796235422419..comments2019-01-08T21:06:10.972-08:00Comments on The Ramblings of an Amateur Economist: Potential GDP is Not LinearJohn Handleyhttp://www.blogger.com/profile/16057855086740377031noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7562826833514049440.post-69515965086647841162016-02-22T18:12:57.439-08:002016-02-22T18:12:57.439-08:00I was never really very convinced by the "dis...I was never really very convinced by the "discouraged workers" argument; after all, the employment to working age population ratio basically disproves it -- the reason EPOP looks so terrifying is mostly demographic and completely out of the control of policy.John Handleyhttps://www.blogger.com/profile/16057855086740377031noreply@blogger.comtag:blogger.com,1999:blog-7562826833514049440.post-15077096700970790742016-02-22T17:53:33.836-08:002016-02-22T17:53:33.836-08:00I *think* I understand your Update. Good stuff.I *think* I understand your Update. Good stuff.Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.comtag:blogger.com,1999:blog-7562826833514049440.post-76786968576315003362016-02-22T12:51:10.938-08:002016-02-22T12:51:10.938-08:00Good analysis. Just needs some demographic project...Good analysis. Just needs some demographic projections, for growth (or decline) in working age population, to come up with a ballpark estimate for GDP growth over the next decade.<br /><br />" For some reason, a lot of people seem to hate the unemployment rate for this,.."<br /><br />Probably because they think there might be "discourage workers", who stopped looking for work, but who would re-enter the labour force if the market improved.Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.com