By Mike Koetting April 15, 2018
My last post returned to the evolving nature of the labor economy and continued to argue that we needed to change the overall framework in several respects. This post continues that line of discussion.
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In theory the American economy is at one of its lowest percentages of unemployment in recent years. But there’s an appropriate reluctance to celebrate too much. It doesn’t feel like America is at full employment because we know that simply having a job is no guarantee of making a sustainable wage, that a material number of people have withdrawn from the labor force, and that there are imminent threats to automate or offshore more jobs.
One can think of incremental responses to each of these issues separately but the problem may be more fundamental. Why should we expect that the economic framework that got us to this situation is likely to get us out of these concerns? Continue reading “Planning for Jobs”

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