Readers' Views No 240/241, December 2003
OECD Observer

You argue that higher labour force activity would boost economic potential and relieve burdens like pension costs (Spotlight on employment, OECD Observer No 239, September 2003).

Elsewhere you promote the benefits of IT as a driver of economic growth. The arguments you use are convincing. Still, it is a little disappointing to have to accept as we work harder and later into our lives that an earlier promise of information technology might never come true, or not in our life times.

Whatever happened to the dream of hedonism we were once led to expect? Surely, new technology should help us work less, but instead the incentive seems to be to take advantage of technology and work even harder! Your equations may make intrinsic sense, but it seems to me we are still getting the wrong answer.

—R.M. Delucenay, Lyon, France

©OECD Observer No 240/241, December 2003 

Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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