alt Hacker NewsKeynes prediction more than panned out if you look at the population level.
Instead of everyone working less what happened is less people work. The fact that it took that specific shape is a source of A LOT of problems.
Keynes prediction more than panned out if you look at the population level.
Instead of everyone working less what happened is less people work. The fact that it took that specific shape is a source of A LOT of problems.
More people work. Keynes died in 1946 - meaning they had grand depression in his lifetime. Moreover, women employment went up by significant amounts - middle and upper class women would not work back then.