”But that’s because as usual, we measure and comment on the wrong things. ‘Everybody’ having a job is not the point (if a large chunk of the workforce is excluded from the count of ‘everybody’). It is everybody (not just 25 to 54-year-olds) having one job, that is paid fairly, so doesn’t need to work a second job to make ends meet. That is what we should be looking at.

John Philpin

and I conclude

”So yes, ‘fully employed’ America, where you aren’t counted in the last ten years of your working life, and those that are counted are working double jobs to make ends meet, while others are self-declaring early retirement because they can’t get a job. Life is just dandy … no?

Read the whole thing.