Tuesday, October 26, 2010

Creative Destruction not so creative

"This is important because Economists habitually downplay the difficulty of finding a new job, choosing to see shakeups as good for the economy and in the long run, for the employee, who'll no doubt just learn new skills in order to better compete in the new economy. Such consideration flies in the face of reality, as the IMF report shows. Of course, the IMF is a well-known Marxist organization, so I guess you have to take it with a grain of salt.    "  - Ezra Klein

Ezra Klein - Two graphs that should really scare us

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