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Reminds me of this seminal article from The Atlantic that said exactly this in 2010. The economist John Mauldin was the first person I heard differentiate between cyclical unemployment and structural unemployment. His argument in Endgame is that prior recessions have been driven by cyclical unemployment while the 2008 recession was driven by structural unemployment. Apropos of nothing, I follow #thehumancondition AND #economics. And for 24 glorious, shining hours I have no houseguests to entertain.