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September 5, 2011

A Bleak Future for Our Country?

Anyone who cares about the future of our country, must read Robert Samuelson’s column today, which details a potentially depressing decade of unemployment and underemployment:

We have entered a long period of crushing unemployment and downward pressure on wages that may well transform the nation’s economic and political landscape. There was no job growth in August, and the overall numbers are stupefying: 14 million unemployed; nearly 9 million part-time workers wanting full-time jobs; 6.5 million who want jobs but have given up looking and are, therefore, not counted in the official labor force. People are only gradually recognizing the magnitude of the problem.  This is a historic inflection point….”

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