From David Stockman's "The Great Deformation: The Corruption of Capitalism

[Emo EMAW]

Ya, I saw it.  But if someone else is drowning and you're treading water, are you flexing muscles and winking at babes?  It's like sd is ari fleischer or something.

I'm not 100% certain you have a strong grasp on what relative means

Whatever Ari. 

[catzacker]

Could it just be that along with everything else, the labor market was a bubble?  And companies realized they didn't need as many workers to accomplish the same amount of tasks? 

Maybe this is for a different thread, but did that book speak to the population of workers who will retire in 5-8 years compared to unemployed worforce and college grads about to enter the workforce?  Seems like the next Pres might luck into "more jobs".

[06wildcat]

If unemployment were wholly structural, wages for skilled/educated would be rising much faster than they are currently. In reality it's still very much an excess of labor supply and a dearth of overall economic demand that has led to persistent high unemployment.

That's not saying that the long-term "full employment" rate might be closer to 5 percent or a little higher than the previous 5 percent or a little lower that used to be the norm due to displacement.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

the US economy is currently whipping ass relative to almost every other developed country in the world european welfare state. Just a fwiw. no shadowstats link or anything to back me up on this.

FYP