To Fix America

by: Ian Welsh

Wed Feb 10, 2010 at 23:53

Don Peck at the Atlantic has noticed that employment is unlikely to recover to pre-great recession levels (let alone Clintonian levels) for a long, long time. This was totally predictable, and predicted. He also notes that even people like Paul Krugman really have no idea how to fix it.

Yes. Employment as a percentage of the workforce will not recover for a generation. And my bet is that median real income won’t either.