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I'm very puzzled by that chart. At first blush, it kind of seems obvious that those losing jobs in a recession will be hit the hardest. Perhaps they are INITIALLY. But what's to stop them getting a better job come the recovery?
The hole in the resume.
Back before the government-subsidized banking cartel stole the commons and family farms and businesses, I'd bet the population kept themselves employed just fine.Efficiency is great but not if unethically financed, as has been the case.Nor does a "hole in the resume" prevent someone from working if he/she owns or has access to the means of production as was the case before government-subsidized private credit creation stole them.
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