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Yes, we can only measure employment under our current labor institutions. Even there, in the US, we have six different measures of unemployment, because it would be stupid to pretend that you can keep track of national unemployment with a single number ... and still, the mess media only reports U3.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Jan 28th, 2009 at 11:01:47 AM EST
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