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‘Hysteresis occurs when unemployed persons are unwilling to accept lower wage rates as a means of returning to work. Wage stickiness implied by hysteresis can produce an increase in the “normal” unemployment rate, also known as the non-accelerating inflation rate of unemployment (NAIRU), which defies the notion of cyclical, or self-adjusting, unemployment. If, for example, jobs are outsourced to lower-wage economies, workers of the home economy may over time become unqualified to take on those jobs should they return or become dependent on government welfare benefits.’
The Hindu news paper team explained above.
 
'Let us see from our own ‘perspectives’ is this article explains’
 
‘Economics’ is justifiably based on “ Human behavior” at work - not only on jobs but every minute the man’s mind thinks;
 
Every man is just ‘unique’ creature like any creature in this creation of world , as such,

 
Every minute , man’s perception changes.
 
See, Our Mr. Trump as the president of the United States of America, tries to change all ‘treaties’ of past , may be he will try to change basic first treaty first president Mr George Washington made with France - that way ‘behavior’ functions - Behavior is such a conduct, that rewrites every time everything now and then - see today Mr Fadnavis of Maharashtra as CM meets Maharasahtra farmers on ‘strike’ - his meeting changes their ‘strike behavior’ - so ‘strike’ means, ‘some economic changes’ the farmers wanted for them, for their advantage - if CM agrees to their ‘demand’ , supply and demand structure on some items undergo changes is obvious - a kind od ‘hysteria’ the farmers suffered to see their problems are ‘rectified’. That means some new problems arise for consumers of the farmers goods or products - may be the costs increase leading to increase in prices, that might even affect consumption quantum - that way ‘farmers goods/products’ might face by ‘consumption’ issues.
 
The consumers might seek relief to ‘consumer behavior’ when farmers if again say by anther ‘strike’ seek their products/goods are consumed that is called another ‘relief behavior’ ,from the CM if he gives, he might, have to either through, by finding new consumers or by giving relief to customers by relief of some reduction in indirect taxes the State takes from the shop keepers /malls to make available at old prices or by seeking central assistance to negative effect of the state’s finances under so called GST regime or some such ‘regimes’;
 
So, ever action of one , causes equal and opposite reaction, a paradigm that causes your changes in your behavior.
 
See Mr Trump refused to be a member to support Paris climate pact already in place with 200 countries - if the USA withdraws - naturally burden of 199 members on the Pact causes a metamorphic changes in contributions each member is to bear ; just because USA walks out means it means several trillions of $ contribution is affected that need to be compensated by 199 members , besides USA is already causing environmental damages is measured as at 21% o the world environmental pollution ; 21% polluter if allowed ‘scott' free’ to get away from his commitments of contribution, naturally several trillion S contribution is compensated - 21% polluter USA escapes -if others pay for, there is a paradigm shift in economies of 199 countries’s GDP growth gets affected - means a ‘big economic drag’ take place in world economy - just because of one man called Mr Trump’s behavior as the president of United States of America (USA).
 
That way one man’s food is another man’s poison is getting proved.
 
If 199 countries economies paradigm shift happen, naturally poverty ratio grows, that means another ‘paradigm shift’ causes some human miseries like one seen in Syria - means too many countries might have to face ‘emigration’ elsewhere where people who lost out every thing, can survive in some unknown new ‘good Samaritan’ countries if there is one - else there will be some thing like seen in Syria is enacted that is already some 3 millions suffered deaths by war or by privation or hunger as Syrian Assad government cannot sustain.
 
From the above narration , one can appreciate, if you make any violent changes by your ‘behavior’ patterns like Mr Trump’s in the Paris climate accord, the burden for America might surge in too much uncontrollable ‘bulges’ the USA has to bear the brunt, if the USA cannot be like a any one ‘unconcerned’ Isolationist, for that might lead to a new Global War for annexations paradigm - so you can never do ‘any paradigm shift’ if done it is like some temperate zones plates shift to torrid zones, that way Aech earthquake that cased then in 2004 Tsunami that devastated by devastating floods in the eastern hemisphere - Asia, Australia and some part of Africa continent pieces - India, Sri Lanka, Taiwan suffered the most by a small shift of continental plates; that way, Mr Trump’s one ‘irrationalism behavior affects the world when he rejected the Paris climate accord.
 
What it shows is , any single man’s behavior change could cause havoc to the world of humanity besides other lives - see one man called Hitler’ behavior of protectionism led to world war II, so any one in the helm cannot afford to behave in the way he likes to behave is proved by world war I and II, Mr. Trump’s might trigger world war III possibly, why because he causes some serious shifts being ignorant of ‘world balancing’;
 
Similarly your Modi behavior is affecting the India economy paradigm - what is good to one cannot be good to all but causes paradigm shifts that is called the ‘shift behavior’ - that is caused by his ‘demonetization’ and then by GST hasty introduction, his J&K policies are good enough to hang Indians any way - how I will explain by another article - reason is Modi has the problem of changing every paradigm like Mr Trump, so too now North Korean dictator playing on missiles strikes, and Trump’s missile on middle east is some kind of behavior is out of some ‘Hysteria’. Let us read the others aspects in the next contribution.

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