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In an economy, there is alway work to do since we live in a world of scarcity. So eventually, the economy should pick up in employment after reallocating resources.

However, if a market persists in unemployment rate long after a recession than there are forces preventing pricing changes and the reallocation of resources. Such forces are often government regulation or bailout, maybe perhaps stubborn unions or cartels.

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Incorrect. With global demand dropping sharply, there's actually not enough work to do. We cranked up the credit machine the past few years to make sure there were enough work to do.

Again, too much supply, not enough demand.

Lower prices.

What? no. You see more realtors after housing prices dropped? You see more car salespeople after car prices dropped?

I was replying primarily to

> Again, too much supply, not enough demand.

And adjusting prices is the orthodox mechanism to match supply and demand.

Anyway, in a physical sense there is enough work to do. We haven't reached Mars, yet. Diseases afflict the world's population. And where is my yacht?

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