Economic hangover? - Woodshop News

Economic hangover?

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The other day I was driving around and listening to one of those programs about money and the economy. They were talking about how the economy was much better but that there were still high unemployment numbers.

This seems inconsistent because with a stronger economy, there should be more jobs and fewer people out of work. Partly this was being explained by the fact that the higher economic numbers are due in large part to corporate profits and many corporations do not hire people in this country.

The term that was used was "economic hangover.” I have not heard this before but it is a brilliant way to describe the current state of the economy. The morning after, with a groggy, fuzzy-headed feeling accompanied by a slight headache.

I hope we can find an economic equivalent of asprin!

D.D.

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