Winners: the Corp bottom line and stock holder dividends. Losers: Employees laid off, consumers see quality suffer, taxpayer on the hook for social service.
You can't call all 100 million lazy asses, there is a lot of blame to go around.
Not calling the 100M lazy. No way.
We can, and have, approached frictional unemployment. Less than 10M working age people not employed. We’ve been there.
We are at ten times that number. That’s called an economic DEPRESSION.
I don’t trust any economic number coming out of DC anymore. It doesn’t gibe with anything I’m encountering across the economy right now.
The WSJ today was amazing. There was literally no good economic news in it. Even in the whitewashed stories they were pimping. Their reporting has really tanked in the last three years too.