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Jobless? Your leaders are at ease with that.

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  • None of them want to fix it -- so high unemployment might become a habit.
  • Punishing the Jobless

Paul Krugman, New York Times | NY

I'm starting to have a sick feeling about prospects for American workers -- but not, or not entirely, for the reasons you might think.

Yes, growth is slowing, and the odds are that unemployment will rise, not fall, in the months ahead. That's bad. But what's worse is the growing evidence that our governing elite just doesn't care -- that a once-unthinkable level of economic distress is in the process of becoming the new normal.

I worry that those in power, rather than taking responsibility for job creation, will soon declare that high unemployment is "structural" -- a permanent part of the economic landscape -- and that by condemning large numbers of Americans to long-term joblessness, they'll turn that excuse into dismal reality.

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Related:

Punishing the Jobless, Paul Krugman, New York Times | NY

  • We’re facing a coalition of the heartless, the clueless and the confused (and corrupt)
  • 17 senators from states with double-digit jobless rates repeatedly vote to filibuster unemployment benefits
  • Angle: I Would Cut Jobless Benefits Because They Make Workers ‘Afraid To Go Out And Get A Job’