The Messiah is Not Coming
…umbers given out by the Census Bureau earlier this month: big jumps in the number of Americans losing compensated work for working poverty or worse, and concomitant big jumps in the number of people losing health care coverage. The thing is—and labor market specialists all concur—these blows are no longer cyclical phenomena that will be reversed once “the economy” really starts humming. “The economy,” in the way that mainstream economists gauge it…
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