Timeline for Was there really a labor shortage in the USA until 1970?
Current License: CC BY-SA 3.0
7 events
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| May 28, 2014 at 14:37 | comment | added | T.E.D.♦ | @SamuelRussell - It was taken straight out of the linked website if you want to go investigate that. IIRC the US government used a different measure back then than any of the measures it uses today. I forget which U# it is closest to (not the U3 normally reported by the press). But just eyeballing the chart, you can see part is using a different "estimated" measure too. Probably its best to just take it as-is (a relative measure for the time shown, with a clear big jump), and not try to compare the absolute %'s to today's numbers. | |
| May 27, 2014 at 21:20 | comment | added | Samuel Russell | Given that there are six measures of US unemployment, can you indicate which measure the chart represents? | |
| May 27, 2014 at 18:24 | history | edited | T.E.D.♦ | CC BY-SA 3.0 |
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| May 27, 2014 at 18:17 | comment | added | T.E.D.♦ | Well, I think there is probably a case to be made that in the antebellum period the US was operating on a kind of opportunity-rich "frontier" economy, and it isn't anymore. That's significantly more nuanced of an argument than saying there was a "labor shortage" that lasted a whole century though (and one that probably would need an economics stack to dive into properly). Labor, like any other market, can fluctuate wildly. | |
| May 27, 2014 at 18:12 | comment | added | Saal Hardali | This answers the question perfectly. What i really wanted to know is whether the "US labor shortage" is something historians refer to as well. I take it that's not the case. | |
| May 27, 2014 at 18:11 | vote | accept | Saal Hardali | ||
| Oct 20, 2014 at 1:25 | |||||
| May 27, 2014 at 18:07 | history | answered | T.E.D.♦ | CC BY-SA 3.0 |