Perspectives on where our world is heading from a vantage point in Denver, Colorado.
01 June 2012
Japan's Full Employment Lost Decade
Krugman notes that despite having had some very bad years, sometimes call the "Lost Decade" from the perspective of GDP growth in its economy, that Japan took a far more modest employment hit than the U.S. did after the financial crisis. The U.S. remains much worse off from an employment perspective, even now, about four years later.