“In California and a handful of other states, one out of every five people who would like to be working full time is not now doing so. It is a startling sign of the pain that the Great Recession is inflicting, and it is largely missed by the official, oft-repeated statistics on unemployment. The national unemployment rate has risen to 9.5 percent, the highest level in more than a quarter-century. Yet it still excludes all those who have given up looking for a job and those part-time workers who want to be working full time.” (New York Times ^[1], Wednesday)

This is what government distortion of the economy has wrought.

FEE Timely Classic
“Wages, Unemployment, and Inflation” ^[2] by Ludwig von Mises