Some people argue that if machines wear out faster (i. e. the depreciation rate increases) this will create more jobs in the manufacturing industries. They conclude that countries should hope for high depreciation rates. Is this argument true or false given the predictions of the Solow model? Why?
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Home » Business » Some people argue that if machines wear out faster (i. e. the depreciation rate increases) this will create more jobs in the manufacturing industries. They conclude that countries should hope for high depreciation rates.