And yet job security today, by some measures, is even better than it was in the economic halcyon days of the late 1960s.
Inflation nearing 10% annually, with CPI already up 10% since Biden tool office. Real interest rates on 30 year mortgages are -4%. Job market overheated, RE sky high. The Fed has done nothing, despite its Humphrey-Hawkins statutory requirement of 'zero per centum' inflation.