This crisis of long-term unemployment
This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression.
– Barry Eichengreen
- The 24% unemployment reached at the depths of the Great Depression was no picnic. – Barry Eichengreen
- Our Generation has had no Great war, no Great Depression. Our war is spiritual. Our depression is our lives. – Chuck Palahniuk
- Long-term unemployment can make any worker progressively less employable, even after the economy strengthens. – Janet Yellen
- For me, unemployment and poverty in the Greater Montreal area is not mainly a problem of structure, or design, or statistics. It is a profoundly human situation. – Kim Campbell
- Every Company Should Focus On Long-Term Growth But It Won’t Be Able To Get There Without Shot-Term Profits.
- I’ve heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether. – Thomas Perez
- Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don’t care whose fault it is, it’s the truth. – John Mellencamp
- Being out of a job can erode people’s confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong. – James Surowiecki
- The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. – Milton Friedman
- You must have long term goals to keep you from being frustrated by short term failures. – Charles C. Noble