Wednesday, November 10, 2010

The New Abnormal: Structural Unemployment


You can read this insightful analysis of the "jobless recovery" -- and why "job creation" is a mythological tale (um, the government, in its wildest dreams, couldn't create legislation that supplied 230,000 new jobs per month for the next six years to get to a stabilized 5% unemployment rate). Or, just take a look at my simple-ass Venn diagram.

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