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Sumqayit Travel on While agreeing that they create suffering in the economy (primarily because of increased unemployment), these economists emphasize the necessity of recessions for the overall health of capitalism. Expansions, as they gain steam, tend to raise labor costs (the primary cost for most firms), which, in turn, uncomfortably squeeze the profits of firms. A recession is then needed in order to repress wages so that in the future profits can get back to more normal levels. A recession is seen as a necessary cost of capitalism, or as a needed correction to an overheated economy. Ironically, this view is both Marxist (which sees it as an indictment of capitalism) and conservative (in agreement with many businessmen who explicitly see recessions as good for the economy). The history of the U.S. Sumqayit Travel 2016.

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