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.
by Atrios at 13:24