3.And especially, what’s really going on with productivity? The labor market puzzle is partly why low unemployment is not leading to more obvious bottlenecks, more serious skill shortages and more rapid increases in compensation than we are in fact experiencing?
As anyone who has been on the receiving end of that kind of one-upmanship from Garret can testify (I recall the humiliation of mixing up in his presence the dates of Cardinals Richelieu and Mazarin) we can be fairly sure that he was not often caught out again.