Louis Proyect wrote: > Speaking of this, have PEN-L'ers seen the EPI paper by Josh Bivens > and Isaac Shapiro that claims that job recovery is better now than > in past recessions, of all things?... > > The only other thing I will say is that Bivens once wrote that > this recession is the worst crisis since the 1930s. I guess > consistency is the hobgoblin of petty minds.
there may not be a contradiction: in the 2007-09 recession, joblessness rose faster than people would expect given the fall in GDP (which is one reason why Obama's stmulus package was too small). It's possible that the extremely anemic recovery of real GDP is causing a similarly disproportionately large fall in joblessness. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
