I might have to agree with K-man and the stoners on this one in some ways. We have a lot of people retiring, and are training too many people in fields that are often not highly valued in a production economy.
For those who doubt that assertion about employment, Krugman backs it up thusly: "The low official unemployment rate is just one indicator. What I find more compelling are two facts: Wages are finally rising reasonably fast, showing that workers have bargaining power again, and the rate at which workers are quitting their jobs, an indication of how confident they are of finding new jobs, is back to pre-crisis levels."
When there is full employment, Krugman continues...
🤓 Paul Krugman Exposes GOP's Craven Hypocrisy on Deficits—and Why It Matters More Than Ever 🤓#HRC @alternet https://t.co/k9O2TH4IUS— Alex (@aroseblush) January 9, 2017
Some evidence of this in UK currently too:
The Fed is mostly exercising its right to remain silent on this topic for now, probably too afraid to say anything lest they become a target of a Trump tweet.