text:  Number two, we just have different kinds of jobs now than we did in the 50s, says senior economist Peter C. Earle with the American Institute of Economic Research. In that time period, we had a very manufacturing-based economy, and now we have a highly service-based, financialized economy. When inflation would decrease, we'd manufacture less stuff, and we'd need fewer people to make the stuff. Service economies and the causes of unemployment in those economies are different.