Friday, July 15, 2011

The complacency of the unemployed

Another thoughtful article on the political complacency of the jobless from the NY Times Economix blog.

My take is that as unemployment benefits were extended out to 18 months or more, a greater number of the unemployed have held that things would turn around and the economy would improve before their benefits ran out. It seems likely that as we go into next year's election campaign, and simultaneously more of the jobless see their benefits expire, unemployment is going to become a huge issue. This will be the time when we could see greater radicalization of the long-term jobless. At least I hope so.


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