Fear factor
Encyclopedia
The fear factor, coined by business professor Andrew Spencer Martin, in occupational terminology refers to the increased per-worker productivity resulting from the threat of impending layoffs. Some economists have proposed that the economic growth during the early 2000s jobless recovery
is a result of this phenomenon.
Jobless recovery
A jobless recovery or jobless growth is an economic phenomon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment...
is a result of this phenomenon.