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July 29, 2010

Comments

Wow! Ten bucks an hour.

If you stuff a burlap bag with lentils, it makes a great pillow at night in the back seat of your car.

"This case is an art gallery failing for lack of sales.... Non-viable businesses failing is part of the normal economic process, even during a recession."

It's not at all clear from the story that the business was non-viable. Sales were indeed down, in part because of the recession and in part because lower sales meant the gallery had to cut staff, which presumably reduced sales further. That doesn't mean that the business couldn't have survived and eventually recovered.

It's not a good thing for a business to fail during a recession if the only reason the business is non-viable is that we are in a recession. When businesses fail, that means the economy can't get back to full employment until other businesses are created, or other existing businesses expand, to take up the slack.

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