Thinking Beyond the Recession

An unforgiving national unemployment rate of nine percent and stagnant – or declining – wages for the average household for the last ten years dominate the minds of Americans worried about the economy.  As important is the number of business closings, though it seldom gets the same amount of ink.  More than 1.5 million businesses have closed since the start of the current recession. A high unemployment rate and extenuated business closures feed off each other in an economy with little demand. Continue reading