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Is America facing an increase in structural unemployment?

Dan Crawford | July 26, 2010 10:32 pm

The Economist asks:

Is America facing an increase in structural unemployment?

and invited economists answer here.

Tags: structural unemployment Comments (4) | Digg Facebook Twitter |
4 Comments
  • run75441 says:
    July 26, 2010 at 10:57 pm

    dan:

    Why the hell would anyone invest in Laobor intensive business when they could invest in Wall Street and capital appreciation which has a far greater return. Hello McFly . . .

  • paulo says:
    July 26, 2010 at 11:20 pm

    Wouldn’t have this problem with single payer

  • morganovich says:
    July 27, 2010 at 11:49 am

    paulo-

    signle payor certainly hasn’t done anyhting to reduce structiral unemployment in europe.

    i suspect that this current bout of persistent unemployment has to do with 2 things:  overcapacity and reduced labor mobility due to people being underwater on their mortgages. 

    there is no quick fix for either, so i fear this is going to be with us for a while.  that does pose the risk of creating a different type of structural ememployment, as those who have been out of work for 9-12 months start to see networks and skills atrophy.

    it’s not a great situation, but i fear there’s not much that can be done apart from chewing through it.    recessions resulting from debt/real estate busts are just flat out harder to recover from.

  • Robert Waldmann says:
    July 27, 2010 at 12:31 pm

    Brad DeLong and Paul Krugman guess yes (I suspect that they wrote for The Economist then posted little bits on their blogs). I am not at all convinced at all (see my post above).

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