You’ve probably heard the phrase tossed casually about by political commentators or business news reporters – “we need a new normal,” “families began experiencing a new normal in housing over the last year,” “this could turn a bad recession into the new normal” – but when, if ever, have you heard the phrase actually explained; not as some abstract idea but in terms of what it means to everyday working people? I hadn’t. So I did a little research and was disgusted by what I found. To you and I, this “new normal” to which the televised talking heads so glibly refer apparently means that our nation’s economy won’t get any better, lots of us will always be unemployed, and we’d just better get used to it.
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