On 2/2/06, Sandwichman <[EMAIL PROTECTED]> wrote: > Thanks to the Boston Fed for underlining the ideological uses of the > "opportunity cost" approach of work time. Even as Dean and the folks at > Center for Economic and Policy Research are finding under-reporting in the > official unemployment statistics, Mark Aguiar (at the Federal Reserve Bank > of Boston) and Erik Hurst (at the University of Chicago's Graduate School of > Business) are busily defining away underemployment as Beckerian "leisure." > According to their "preferred definition of leisure" less educated adults > have enjoyed "the largest gains in leisure" over the last 40 years. It truly > IS the best of all possible worlds, folks! > > The Sandwichman
-------------------------- Of course it is and things have only gotten better since hamburger flipping became part of the manufacturing sector! The kakistocracy that is the USA is an Orwellian nightmare on steroids.
