Word: wyss
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...WYSS: It's a change in the structure of the job market. First, the payroll numbers miss new-corporation formation. In an economic upturn, that's a big deal. Second, companies are not hiring; they are putting people on contract. Those don't show up in the payroll numbers...
...WYSS: In the long run, we have to raise taxes and cut spending. Politically, you can't do it all on the spending side...
...WYSS: I'll give you 10 to 1, there will be a tax increase by the end of the decade...
...WYSS: No, but it does suggest there was fraud in passing them with the sunsets...
...WYSS: We will get back to full employment. There will be more contract freelance jobs, and whether that's good or bad depends on you. Some people's skills are going to become obsolete. It becomes a Red Queen world, where you have to run faster and faster to stay in the same place...