Until the Industrial Revolution, virtually everybody who was able and willing to work could be employed full-time in agriculture or crafts. In fact, economic activity was largely constrained by a shortage of manpower. But today, record proportions of the healthy adult population are unable to find full-time employment. In fact, the United States has an underemployment rate of nearly 20 percent, and the worldwide underemployment rate stands at roughly 50 percent. How did we get into this situation? How is it likely to evolve? What are the implications? We’ll show you.This content is for TRENDS SUBSCRIPTION members only.
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