Wednesday, May 11, 2016

David F. Ruccio — Scarred for life

Figuring the true (human) cost of unemployment.

Occasional Links & Commentary
Scarred for life
David F. Ruccio | Professor of Economics, University of Notre Dame


Ralph Musgrave said...

I'm very puzzled by that chart. At first blush, it kind of seems obvious that those losing jobs in a recession will be hit the hardest. Perhaps they are INITIALLY. But what's to stop them getting a better job come the recovery?

Tom Hickey said...

The hole in the resume.

Andrew Anderson said...

Back before the government-subsidized banking cartel stole the commons and family farms and businesses, I'd bet the population kept themselves employed just fine.

Efficiency is great but not if unethically financed, as has been the case.

Nor does a "hole in the resume" prevent someone from working if he/she owns or has access to the means of production as was the case before government-subsidized private credit creation stole them.

Kaivey said...

What recovery?