Friday, August 05, 2011

Labor Force Participation falls to a 27 year low

Hey, economics works!  Raise the cost of labor and less of it is demanded.  Lower demand ultimately results in lower supply.  It's all so very European.  And that's great because they are doing so well.

"And the man in the silk suit looks at him and says 'get a job', that's just the way it is, some things never change"  wait, this is the change.  And the hope.  Hang on, that can't be right.  Can it?

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