“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
Waiting on Economists’ “Chants and Charms?” “A mighty good chant,” said the King, looking very pleased. Are you sure it will work?” All the magicians nodded together. “But,” said the King, looking puzzled, “How long will it take?” “Be calm, oh, Sire, and have no fears,” chanted the magicians. “Our charm will work in ten...Read More
