Wednesday, February 06, 2013


I do think that full employment, if we ever manage to achieve it, will ameliorate some of the long term impacts of the Great Recession. But policy-wise, I don't think there's much thinking about what to do about all of these people who have years of their prime working (prime networking, prime learning, prime experience-obtaining) age destroyed. There's a lag, as "staying in school" is one thing people do when there's a recession, but belief in obtaining a degree at any cost is going to waver. I'm not sure that even if we finally reach the other side that things will be quite the same.