Employment 10% Below Where It “Should Be”
There is always danger is using trendlines as an analysis of what things “should” do, because past performance may not entirely reflect future situations. But I thought the below was incredibly striking.
My first response was… “WOW! That looks bad!”
My second response was “I wonder if the demographics of the baby boomer generation retiring is reducing the size of the labor pool enough to account for this.”
So I did a little more Googling, and said “Nope, it’s not demographics, it really is this bad!”
Perhaps we’ve finally “entitled” ourselves into a European lifestyle (with its attendant unemployment).