Described by 20th-century economist Arthur Lewis, this is the point at which excess labor in low-productivity industries has been fullyabsorbed into the high-productivity industries.
In 1991, he took time off from his law firm to run a voter-registration drive for Project Vote, an Acorn partner that was soon fullyabsorbed under the Acorn umbrella.
And if the mortgage servicing industry has not fully dealt with those bad loans, it also means the housing market has not fullyabsorbed the impact of those bad loans.
Only when that percentage drops below 5 percent can we conclude that the housing market has fullyabsorbed all the distress created during those dark days of the housing market in the mid-2010s.
Simply put, we tried to learn how to focus on one thing at a time and how to fully become absorbed in that mindful study without yielding to the thousands of thoughts that our minds can produce.