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September 13, 2013

“There’s No Such Thing as an Unemployed Buggy Whip Maker”

“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...
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“On a Scale of 1-10, How Would You Rate This Survey?”

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...
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