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Jensen The Causes and Cures of Unemployment in the Great Depression. Vaughan / Economics 639 / Fall 2012. “Hard Core” Unemployment in the Great Depression. Reasons for Rise of Hard Core Unemployed. Rising importance of technology in workplace
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JensenThe Causes and Cures of Unemployment in the Great Depression Vaughan / Economics 639 / Fall 2012
Reasons for Rise of Hard Core Unemployed • Rising importance of technology in workplace • Rising importance of efficiency wages in sorting candidates • Rising importance of personnel departments