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The Cerebrum on Instagram: "Lump of labour fallacy: 🔥Also Known As: Lump of jobs fallacy, fallacy of labour scarcity, fixed pie fallacy, zero-sum fallacy. 🔥Simple Meaning: Economies are not “fixed pies”—more work can be created, and productivity and growth can generate additional jobs. 🔥Origin: Named in economic discussions to rebut the idea, proposed by David Frederick Schloss in 1891, that reducing working hours or adding workers would automatically reduce unemployment. 🔥Basic Form: Assump
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