Can we put everyone to work? In a way, it seems like an odd time to be asking the question. After all, the official unemployment rate is at a 50-year low and the U.S. economy has added jobs for a record 110 consecutive months.
Still, broader indexes show much greater labor market slack. Those indexes include some 4.4 million people who are working part time but would like to work full time, and an additional 4.4 million who say they want a job, but are neither working nor looking. What is more, the labor force participation rate, even for prime-age […]
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