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I don't think economists are lying about it. Krugman atleast keeps posting graphs about the low odds of unemployed men over 35(?) getting back into the workforc
by hos234 7y ago
I don't think economists are lying about it. Krugman atleast keeps posting graphs about the low odds of unemployed men over 35(?) getting back into the workforce. If I remember right, he brings it up to push Infrastructure Spending (2-3 Trillion much overdue since everything is falling apart/also has bipartisan support). Something like that would produce that "glut of jobs".
- neffy 7y agoThere's really a very fundamental lack of imagination going on in economics if people there are defending a state where there is clearly work that needs doing (bridge repair for starters), and people available to do it. The equivalent in a computer would be a bunch of processors sitting idle, because the programmers couldn't figure out multi-threading.
- asdff 7y agoThe money that is used to pay for that work has been extracted from the economy and hoarded away. If you want better schools and infrastructure, step 1 is to tax property at market rate.