Profits, Bubbles, And Labor That’s Missing But Not Unexplained

You’ve heard all the ridiculous explanations for the labor market’s big deficiency. When not attempting to characterize payrolls as strong, Economists have tried to explain the participation problem through opioids and Baby Boomers. According to this absurd theory, businesses just can’t find enough willing or able workers to grow in a more normal fashion. That’s the unemployment rate.

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