I have used this blog to share things that I am reading, have read or am thinking about. Occasionally I read something that just strikes me as pretty funny.
The magazine, Pacific Standard September/October 2013, had such an article in its recent issue. There is an article entitled, “The Case of the (Still) Missing Jobs,” written by Timothy Noar. The article deals with the ongoing recovery from the great recession the U.S. and much of the world suffered through for the past several years.
The humor was in what I think British journalism calls the standfirst – a line designed to intrigue you enough to entice you to read the article. The standfirst of this article says:
“The good news: Economists are starting to come up with some decent theories as to why this recovery is so bad at generating employment. Now here’s the bad news.”
I think the line is cleverly funny.
The only good news about the recovery is that economists are starting to come up with theories about why the recovery is not generating jobs.
Of course whether they have theories or not changes nothing about the economy (except perhaps that coming up with such theories is job security for economists!).
So, the good news about the recovery is pretty underwhelming. Economist theorize in good times and bad, during recessions and recovery. The actual economy seems to have little effect on the numbers of theories they generate. And the relationship between their theories and the improvement of the economy seems equally equivocal.
Anyway, I was amused for Labor Day and hope you all had a safe one. At least in the U.S.A. this tends to mark the end of summer. Long ago it was the beginning of the school year, but nowadays most students around here have been in school for a 1-2 weeks already.