DeLong: Neel Kashkari couldn't find any job in a week of searching.
http://delong.typepad.com/sdj/2014/07/neel-kashkari-says-low-employment-not-due-to-skill-mismatch-or-structural-factors-live-from-the-roasterie-ccxxx-july-31.html
The evidence was right in front of Neel's face, and yet he is too brainwashed to draw the sensible conclusion.
(sigh)
Cheers,
Scott.
Neel Kashkari--who has proven himself an extremely reliable and conscientious employee in the past--spends a week in Fresno. He tries and fails to find work. Someone whose market wage is in the seven figures--he is not a "zero marginal product" middle-aged male worker. And yet...
The evidence was right in front of Neel's face, and yet he is too brainwashed to draw the sensible conclusion.
(sigh)
Cheers,
Scott.
