Doctors Remove Bullet from Victim's Head, Seek to Determine Cause of Death: David Leonhardt Edition

David Leonhardt poses the biazarre question in the headline of a blogpost today: "Is Simple Demography Behind Weak Economy?"

There is a simple answer to this simple question, "no."

The basic story, which is well-known to those who read the monthly employment numbers, or who are unemployed themselves, is a lack of jobs, not a lack of workers. Yes, population growth and therefore labor force growth has slowed. This would imply a lower growth rate of potential GDP. That means that once we have a...