:: Life Of Dave ::

losing a decade

Some recent economic data shows the labor force participation rate still in the toilet. Another way of saying that is 'people still don't have jobs, six years on'. Because I've been doing an awful lot of driving of late, I've listened to quite a lot of folks discuss causes, effects, and next steps (I listen to a lot of podcasts in the car, from the London School of Economics, the BBC, and others). It's more than a little depressing that, with so very many people focused on the problem, we've made no progress at all. When I lived in Japan in the late '90s/early 2000s I often wondered 'how do you lose a whole decade?' I guess now I know.