Another month, and another weaker than expected jobs report. So what’s up with the economy? Welcome to the new normal: Unemployment that is higher than anything we can remember in decades. Scores jobs are available due to a lack of skilled workers. Slow growth that feels like a recession even though technically it isn’t, and most of all, uncertainty.
We live in an era of unprecedented uncertainty. At least that is what we are led to believe. Yes, the economy is sputtering at best. Jobs are at risk or non-existent. Europe could implode financially. The Middle East could implode politically. Depending on your political views, either the left or the right is about to take the country over a cliff from which there is no return. The challenges we face are certainly more expansive in their scope, but unprecedented uncertainty? Hardly. Do you believe that the level of personal anxiety is any higher today than that which existed during the Cuban Missile Crisis; World War I or II; the Civil War; the Great Depression; or life in the American colonies during the Revolutionary War?