Mises Daily
Author:
Douglas French
Online Publish Date:
[Douglas French is teaching a class this summer on the bubble economy in the Mises Academy . Sign up today!] “The price of unskilled labor has increased over 40 percent, while the economy has hit the ditch. It’s a wonder the unemployment rate isn’t higher than it is.” The April jobs report was described as “upbeat,” with the reported 290,000