Posts Tagged 'unemployed Americans'

A 21st Century Grapes of Wrath

A 21st Century Grapes of Wrath

We’re all familiar with the book The Grapes of Wrath, the depression tale of millions of desperate families during the 1930s that headed to California for promised jobs.

I’m not suggesting we’re at this stage yet, but for millions of unemployed Americans, they are finding that the local job market has dried up and they may need to relocate to more prosperous areas.

The good news is that there are plenty of jobs, if you know where to look.

Jobs these days, like ...

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Economic Fiction

Economic Fiction

Suppose you sat down at a blackjack table and were dealt the ace and jack of spades. You turn over the cards and proclaim that you’ve got blackjack. But the dealer announces that from now on, the winning hand is 30, and you’ve lost. You’d be mighty confused.

So imagine how confusing it is that the gross domestic product (GDP) — the output of goods and services produced by labor and property located in the United States — is running at ...

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