“Unemployed?” “Jobless?” How About “Surplus Labor?” Taking the Stigma Out of Unemployment So unemployment remains stubbornly high at 7.3%. And the only reason it’s officially 7.3% vs. somewhere between 10% and 15% is because millions have stopped looking for work altogether. While people try to figure out how to improve the labor market — a...Read More
Voting With Your Feet — or (Computer) Mouse The best sign of a satisfied customer? Repeat business. So, when it comes to things like groceries, gas, and dry cleaning — purveyors of such things can figure out pretty quickly how they’re doing. Ditto for the web sites (and blogs!) which people patronize regularly. Infrequent Transactions...Read More