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On the "dropped out of the market" people, a die-hard warrior of the marketista tribe, Diana Furchtgott-Roth of the Hudson Institute2, makes out that the rise in the number of these "disappearing jobless" shows the success of the American economy, since Americans are now prosperous enough for moms to stay home and bring up their kiddies (which is what they always wanted to do, huh), and for youngsters to stay longer in school.

Note, however, that in Europe that's called "low labour participation" and a bad thing.

by Colman (colman at eurotrib.com) on Thu Mar 23rd, 2006 at 02:59:09 AM EST
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