What If Robots Work Full Time?

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I'd be last person to argue that 2nd order polynomials can accurately predict our long-term employment future. On the other hand, I'd be the last person to think Ben Bernanke can either.

July 19, 2013
The Market Ticker ®: The Problem With Ivory-Tower "Economists"

“One thing that we hear in the commentary that we get at the FOMC is that some employers are hiring part-time in order to avoid the mandate,” Bernanke said. He added that “the very high level of part-time employment has been around since the beginning of the recovery, and we don’t fully understand it.”

That's all right Ben. We may very well solve your conundrum in the decades ahead. Sigh.

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Source Data:
St. Louis Fed: Employed, Usually Work Part Time