Complaints about there being no job openings are just whining.
Now, there are some caveats to that blue curve.
- We’re only up to the level of Fall 2008, and the economy wasn’t great then.
- The graph doesn’t go far enough back to show that we’re still off from, say, 2006.
But, if someone you know can’t pick up a job, chances are that they are sending out bad signals (or no signals at all) to potential employers.
Read the whole thing – in it, Casey Mulligan argues that this is because of the promotion of disincentives to work in public policy.
I prefer to think that what we’ve got here is a tailor-made excuse for collective laziness: I think there’s too many people complaining about the lack of programs to help them out … so they’re not even active enough to recognize the disincentive.