The Job Market

I don’t think everything about The Economy has been good over this time period, and I am not going to argue that The Kids who entered the labor force in this period had it great, but for 10 years, unemployment has been <5% (except for covid).

Economists, like Larry Summers, used to assert 6% was the minimum it could go before out of control inflation would hit. This governed policy choices for decades.

A weak job market, which seems to be likely, will be a "new" problem for some.  Zoomers don't believe millennials when they say they couldn’t get fast food jobs during the Great Recession.