NP - Structural w/ Austerity or Demand-Lack w/ Stimulus?

[David Morris]

http://www.nytimes.com/2012/05/13/opinion/sunday/the-human-disaster-of-unemployment.html?_r=2&pagewanted=all

The must-read op-ed in Sunday’s morning papers is this piece in the
New York Times, on “The Human Disaster of Unemployment.”
Interestingly, it’s co-authored by two economists who normally do not
agree on very much: Dean Baker, from the left-wing Center for Economic
and Policy Research, and Kevin Hassett, from the right-wing American
Enterprise Institute. They call attention to the growing problem of
long-term unemployment, which they characterize as “nothing short of a
national emergency,” and they usefully summarize some of the grim
consequences of unemployment, such as dramatically higher mortality
rates for the unemployed; higher rates of cancer, heart disease, and
psychiatric illnesses; higher divorce rates; and lower earnings for
the children of unemployed workers.

On Sat, May 12, 2012 at 5:56 AM, Paul Mackin <mackin.paul at verizon.net> wrote:
> Unemployment above the normal rate (5-6 percent as Alice says) is destructive of society.
>
> Save as many souls as possible is my motto.