On Fri, 16 Jan 2004, Doug Henwood wrote:
> During the boom, AG talked often about "the pool of available
> workers," which was running dry. That pool consisted of those
> officially unemployed plus those classed as "not in labor force -
> want job now." Since the share of the adult population working has
> fallen by about two percentage points from the peak, the pool is
> quite wet and deep now - and real wages are stagnating.
>
> Doug
--A nice juxaposition: this cheery job news and my latest TIAA-CREF statement (pension fund). I made out like a fucking bandit last year. Isn't it great how the capitalist economic system efficiently allocates resources?
Miles