Maybe your stamps are on the table next to the birthday card you forgot to send.

Or in that random drawer full of pens, pennies and paperclips.

Or stuck to your fridge behind a do-list and a magnet from Malaga.

Or maybe just maybe, then neatly placed in a completely sensible spot.

After the 31st of January 2023, regular stamps without a barcode will no longer be valid.

So if you know where your old ones are, this is your last chance to use them up.

Or you can swap them.

For more info visit RoyalMail.com slash barcoded stamps.

This is CBS.

I'm John Bachelors with Nicholas Everstad of the American Enterprise Institute.

His book Men Without Work republished as a post-pandemic edition and we will come to

what Nick can tell us of the statistics after the shutdown of the American economy

in the late winter early spring of 2020.

But now to two of Nick's colleagues, Henry Olson and Jared Bernstein,

who contribute a different look at the men without work statistics we've been discussing.

I begin with with Henry Olson because he speaks of recessions.

There have been seven since the war, I believe, Nick, is what you provide.

And he points to the twin shocks of the 1970s.

Why so? What does that mean to him for him?

Well, so Henry is talking about the recession and stagflation,

the big shocks that came to the economy where we started to see the decline and manufacture,

or the really acceleration of the decline and manufacturing,

...