Why nobody wants to work anymore.
Because of slower-moving demographic factors.
Because of poor work incentives created by public policies.
Because of inadequate schooling and training.
Because it is much easier to receive federal disability payments.
Because of globalization and technological change.
Because of slow wage growth for low-skilled workers.
Because of a decrease in aggregate demand.
Because of the Federal Reserve is using an aggressive "quantitative easing" monetary policy.
Because of the extension of unemployment insurance.
Because of the Social Security payroll tax on older workers.
Sunday, April 6, 2014
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