Despite this shitty economy where few real jobs paying real wages and salaries and providing real benefits are being created, nobody in Congress seems to give a shit whether the longterm unemployed or underemployed like yours truly (going on FIVE years now) live or die.
It's a scandal. Neither political party cares. What a break from the past.
“The problem is incredibly urgent,” said Kevin A. Hassett, director of economic policy studies at the American Enterprise Institute and an adviser to Mitt Romney’s campaign. “Spain had a financial crisis in the late 1970s and has never seen its unemployment rate drop back to where it was before that crisis. The unemployed become discouraged, and ultimately the employment to population ratio might take a permanent hit.”
On the agenda for the next Congress and the next president is ensuring that the unusually long spells of unemployment now afflicting jobless workers remain a temporary setback of the recession.
Economists warned that long-term unemployment could be transformed in the next few years into structural unemployment, meaning that the problem is not just too few jobs and too many job seekers, but a large group of workers who no longer match employers’ needs or are no longer considered employable.
Bullshit. It's all about weeding people out, especially those who are older, from the labor market.
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