Category Archives: Economics

Full Employment

No, we’re nowhere close to it:

Measured against where these people expected the economy to be at this point seven years ago, the economy is indeed awful. Millions of people who should have jobs don’t, and those who do have jobs are working for much lower wages than would be the case in a healthy economy.

This is the worst economic recovery since the Great Depression. For most of the same reasons.

Note, I don’t agree with Baker’s recommendations, though.

[Update a few minutes later]

Of 3000 counties, only 65 have recovered from the recession.