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November 02, 2012


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Bill Turnier

Mulligan seems to be making a silly argument in a marketplace where there are 3.7 million opened positions with 12.25 million unemployed people who are looking for work according to BLS. When job fairs are held, lines often go down the block and across the street and employers receive hundreds of applicants fir each advertised job opening. What he says may make theoretical sense in a tight labor market. It does not seem to make a lot of sense in our present situation.

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