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Technology would worsen "unemployability" across the economy as a whole only if the demand for output were fixed.
where ε is the price elasticity of final demand for output, P and Q initial price and quantity and ΔP and ΔQ are changes of prices and quantity.
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Previous studies have found evidence of upward pressures on wages as a result of firms increasing their scale of production (and raising their demand in factor labor) to meet the increased demand for outputs by new immigrants (Altonji and Card 1991).
Supply (production of goods and services) creates a matching demand for the output and this results in the entire output being sold and consumed.
Let x i denote the total output of sector i and y i the total final demand for the output of sector i.
Nurkse states that if demand for the output of one sector rises, due to the complementary nature of demand, the demand for the output of other industries will also experience a rise.
Demand for BBC World Service output has soared since the Ukraine-Russia crisis began.
Demand for that output has slumped, both at home and in Asia.
As long as the demand for this output rises no faster than productivity, companies can get by without adding workers.
As Americans learn to spend less, more of the demand for their output has to come through trade.
Given sufficient demand for its output, America would produce more than $30 trillion worth of goods and services over the next two years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com