4 ms·
2000-2009, the lost decade visualized
- hga 17y agoBZZZT: this graphs non-farm payrolls, during a period when the population finished its move from the farm to city. And there are two massive discontinuities you need to consider, the post-WWII period when most of the world's industrial capacity was destroyed, degraded or sort of used up (and for that matter, we recovered from a very low Great Depression point), and the recent period when more than half the world's population joined the free market. The latter was good for the rest of the world, but the effects on the developed world have not been entirely good, at least in the short term.