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Discouraged Workers (No, not me, I mean Paul Krugman . . .)
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Originally posted by bilmore
True. It's Monday, and I am surely one such discouraged worker.
However, (and I'm not talking about this board right now), I'm reading more and more tripe that attempts to bring out the definition of discouraged worker further and further, encompassing all those who wish they made more money, as well as all those who made unsupportable sums in the dot-com irrationality and aren't doing so now, and I get the feeling that if they can just define it so widely as to make quantification impossible, they can keep citing it without having to defend it.
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Please see the graph I linked to on Professor DeLong's site, which reflects employment as a share of working-age population -- a quantification of a different (but obviously related) metric.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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