Over the first two months of the coronavirus crisis, our labor-market cratered. The number of employed North Carolinians dropped by 820,000, or 17%. Only 56.3% of working-aged residents were either employed or actively looking for jobs. That’s the lowest rate of labor force participation in modern times.
This is Memorial Day weekend. Usually it’s a time for heading the beach or lake for the unofficial start of summer. But this year is different. The coronavirus has changed many plans for the holiday weekend, although the beaches seem to be about as crowded as ever. But it’s also a good time to remember what the holiday is really about. And to thank a veteran. And Memorial Day reminds me of one my favorite veterans, Mr. Paul Holland.
We live in a world of perpetual change. They call it progress. However, I refer to it as a continued annoyance. I am a creature of habit. I like things just the way they are and abhor doing things differently.
A decade ago, in the aftermath of the Great Recession, business analysts and policymakers thought they saw a turn toward a new urbanism. Downtown lofts and dense developments were the vogue. There was an uptick in transit use. Old-style suburbs and market-bubble exurbs were supposedly yesterday’s news.