Jobless recovery

The term jobless growth or employment growth Free (also jobless recovery ) refers to the recovery of the economy without employment growth, thus, economic growth or economic recovery from a recession, but not enough to create jobs. The term was coined in the 1990s in the U.S., of the economic situation at the end of the term of office of the U.S. President George HW Bush to describe. The described phenomenon was also present at other times.

Even if economic growth tends to lead to an increase in employment, the relationship between the two is not linear. Some growth phases (eg in Germany from 2005 to 2012 ) lead to a disproportionate reduction of unemployment, other than proportional to a. Ralf Fücks any case is certain: " The frequently voiced thesis of the" Jobless Growth " keeps an empirical verification was not. The relationship between economic growth and employment is still intact. The number of employed persons in the Federal Republic has reached an all time high in fall 2012. Contrary to the widespread impression while the social insurance employment has grown faster than the " mini-jobs " ".

Others believe, however, that the created job opportunities since the 1990s are precarious to a greater degree than was the case in the past. The causes are debated. Productivity improvements through automation and structural changes in the labor markets and the industry are discussed. As a further reason applies the global opening of markets. In this approach it is assumed that companies tend in times of poor economic rather to shift manufacturing cost reasons in low-wage areas. Remain the jobs offshored in these regions also in economic improvements.