Most economists have come to believe that we are likely in for a solid decade of high unemployment and underemployment. There just doesn’t appear to be enough work to go around. That, by itself, is why I believe that this period of economic history will eventually become known as a Depression – it’s about an excess of capacity to produce stuff and services that has to be absorbed. Getting out of these doldrums is going to take fundamental changes in how we work that are probably best understood by how we got to where we are today. Predicting the future may be hard, but we can at least understand where we’ve been and go from there.