Jithin Jayakumar

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One implication of this is that any large imbalance between labor and capital should get corrected. Economies overabundant in labor grow faster, and since incomes grow faster, savings do as well. So these economies accumulate capital faster and become more capital abundant. By the reverse argument, economies with too much capital relative to labor accumulate capital more slowly.
Good Economics for Hard Times: Better Answers to Our Biggest Problems
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