someone should do econometric research to see if the demand for leisure suits increases with the prevalence of underemployment.
On 2/3/06, Autoplectic <[EMAIL PROTECTED]> wrote: > 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. > -- Jim Devine "The price one pays for pursuing any profession or calling is an intimate knowledge of its ugly side." -- James Baldwin
