It is Orwellian that after a decade of trillion dollar tax cuts and bailouts of the rich, and a steadily worsening jobs and employment picture for American workers, we are told to be kind to the rich and give them even more money because they are the “jobs creators”.

It is not surprising to learn that last year’s class suffered the highest level of stress on record, according to an annual survey of college freshmen taken over the past quarter century.

One reason the situation is so bad in the US is that nearly all the burden of adjustment since 2008 has been to lay people off, rather than share hours, as was done in Europe.