>> Risks to jobs rarely feature among reported risks, despite
being a prominent public concern.
If there is a risk to jobs, it wouldn't show up here since actually less jobs is "good" for business...
If there is a risk to jobs, it wouldn't show up here since actually less jobs is "good" for business...
Up to a point. Then you no longer have customers.
Prisoner's dilemma, with the businesses as the 'prisoners'.
One of the ways to change the Nash equilibrium for that game is for enough people to empower some outside agent that punishes defectors. (Metaphorically, for the original prisoners in the thought experiment, a gangland boss).
To the extent that the current leadership of government and business are facing a collective action problem it is because different actors have a different number of iterations they are optimizing for.
Put differently, when it's #CrimeSeason, you gotta get yours before the bill is due, and different crooks on different schedules.
But a business needs paying customers, preferably employed by someone else. Other businesses having to pay their employees is good for business in this regard.
The reality is that he couldn’t attract the right workers because factory work is sole destroying.