What Krugman & Stiglitz Can Tell Us

Five years after the onset of the financial crisis that badly damaged the US economy, the nation remains mired in chronic joblessness. Many millions have given up looking for work and no longer figure in the statistics. Long-term unemployment remains at levels unseen since the Great Depression. Young Americans are entering the worst job market in at least a half-century. We have all lost, and continue to lose, from the prolonged mass idleness of potentially productive workers.

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