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"No country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is
by lph 5y ago
"No country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is the greatest menace to our social order."
-FDR
- redisman 5y agoThe thing is - we’re at 4% unemployment. Which is probably about as low as a service based economy can get.
- beefman 5y agoPresently in the U.S. about 60% of people have jobs; 55% of women and 65% of men. In Feb 1962, 56% had jobs but it was 36% of women and 78% of men https://fred.stlouisfed.org/series/EMRATIO https://fred.stlouisfed.org/series/EMRATIO https://fred.stlouisfed.org/series/LNS12300002 https://fred.stlouisfed.org/series/LNS12300002 https://fred.stlouisfed.org/series/LNS12300001 https://fred.stlouisfed.org/series/LNS12300001