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[AUDITORY] A little Friday afternoon thought experiment

Attached is a graph showing the job losses for US recessions since 1948.  One thing economists have pointed out is that the shape of the functions have changed - prior to about 1990, there would be a rapid losses of jobs, which would hit a sharp minimum, then rise quickly back up; whereas the last few recessions have had slow prolonged loss curves, and equally slow recoveries.  Now does anyone else think these have *uncanny* resemblances to auditory filters in normal and hearing impaired persons?  Hmm?  So, is the US economy like a person with a profound hearing loss?  That doesn't bode well for remedial efforts...

Feel free to stretch this metaphor until it snaps.

Brian Gygi, Ph.D.