The economy was plunged into a deep recession for reasons we could all clearly see (it was on the news) and suddenly unemployment existed because people did poli sci degreees in 2004 instead of Learning To Code (there weren't any jobs coding, either). Then location and sector-specific wage pressure was also a problem of People Making Poor Choices instead of, you know, the fact that if you want a good welder you gotta pay them more than 9 bucks an hour.