On Feb 22, 2010, at 10:58 AM, Chris Maisano wrote:
> I know that Stanley Aronowitz has been something of a personal bête
> noire of Doug's for some time now, particularly in reference to his
> stuff on the "jobless future." But doesn't the data that's starting
> to emerge from the recession seem to point that the structural
> underpinning of the US economy is actually starting to trend in the
> direction that Stanley has forecast for years?
The behavior of U.S. employment is entirely consistent with that of post-financial crisis recessions identified by the IMF.
Doug