and it s going to take us a while to get back to a new equal. it sounds like a copout to me. do you buy that? as the only economist in the group, the wages are too high. people don t want to hear it, but american wages are just too high to compete on the world stage. so if wages were to fall, we would have full employment. but of course, people would not like to see their wages fall. there is a micro lesson for all this, which is if you have kids in school, if you are a kid in school, learn something useful. don t take bs courses that have no use in the workplace. you mean like learn chinese? what do you mean learn something useful? chinese, economics, engineering, there is a lot of petroleum engineer, full employment among petroleum engineers and there is a great shortage of electrical engineers. something useful. there will be a problem with people expect their good wages with no skills. joe, i mean, that goes without saying. but still, we ve had a dynamic