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I don't think the data agrees with "the amount of jobs available has been reduced so much that a good proportion of people just can't find a job". Unemployment
by andrewmutz 11y ago
I don't think the data agrees with "the amount of jobs available has been reduced so much that a good proportion of people just can't find a job". Unemployment now is not significantly higher than it has been over the last 70 years:
http://data.bls.gov/generated_files/graphics/latest_numbers_LNS14000000_1948_2015_all_period_M04_data.gif http://data.bls.gov/generated_files/graphics/latest_numbers_...
- JamesBarney 11y agoI would argue the prime age employment to population ratio is probably a better proxy for the job market. In addition wage growth has been very stagnant recently. I think these two data points show that we've haven't fixed out employment problem yet, and there isn't enough jobs to employ another several million truck drivers. https://research.stlouisfed.org/fred2/series/LNS12300060 https://research.stlouisfed.org/fred2/series/LNS12300060