Quote:
Originally Posted by Tyrone Slothrop
No, it's not the same thing. The mismatch in structural unemployment is the mismatch between industries that are hiring and workers who need jobs. Right now, no one is hiring. That's not structural unemployment.
You said it before. It's deleveraging. Once we work through it the economy will start to grow again, but there are still a lot of people with mortgages they can't pay, etc. |
Distinction without a difference. And you get the point. No need to defend Rain Man here. Neither of you is on the econ faculty anywhere. Drilling the definition down to one so narrow you can claim to refute mine and Less's practical point is tantamount to conceding the point.
It's structural. There's a huge mismatch. And I'm not even getting in the portion of unemployment attributable to people being unable to move due to the housing mess. Which is, again, a for of structural unemployment.
You scored some points on me with the Keynesian thing. I missed an essential point the guy made there, I think. In this debate, you're off. Not your fault, of course. You're holding Adder's water here, and he's hopelessly academic on this shit.
