Unemployment good for economy says MasterCard

By Jessica Stanic · 3 June 2009 · Locked

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Summary

Unemployment is healthy for the economy and is necessary for businesses to maintain profits, according to MasterCard Asia-Pacific economic adviser Yuwa Hedrick-Wong. Dr. Hedrick-Wong said that a businesses ability to “lay off people faster than your competitor” will determine who is a “survivor.” “That in turn will allow business to expand, and investment will begin […]