Thursday, November 21, 2024

Purification Through The Suffering Of Others

A common worldview - not limited to conservatives, sadly - but this bit is quite amazing:
People have to get, as my father would have said, real work, real jobs. People are going to have to get jobs and they're going to be scrambling.
I'm so old I remember when economists believed the natural rate of unemployment/NAIRU was 6%. That was stupid, but the actual rate has been below that since June 2021. If you think the issue is that people have dropped out of the labor force, the prime age participation rate is higher than it's been since April, 2001.

People are working!