AUTOMATION, JOBS AND DEPRESSION

AUTOMATION, JOBS AND DEPRESSION

By Haddon Libby

When you hear government statistics touting the lowest unemployment rate in history at 3.9%, it should be remembered that this number includes only 63% of all working age adults. The other 37% are deemed to be not looking for work whether they are in fact looking or not if they have been out of work for more than 15 weeks (an arbitrary number used to make unemployment numbers look better). Termed the Labor Participation Rate, the United States is currently near its lowest levels of workforce participation in history. When you add back people who have been […]

Leave a Reply

Your email address will not be published. Required fields are marked *