”If we really believe this is true, then a shrinking population is what we want, to "soak up" those destroyed jobs”
The number of jobs is highway correlated with the number of people (most jobs exist to serve the population). So, population decline won’t help keep (relative) unemployment numbers down.
The number of jobs is highway correlated with the number of people (most jobs exist to serve the population). So, population decline won’t help keep (relative) unemployment numbers down.