Paul Krugman – “Punishing the Jobless” (2010)

July 7, 2010 at 3:10 pm (Life & Politics, Reviews & Articles)

This New York Times article from July 4th about says it all, concerning the current unemployment and unemployment benefit situation in this country…

There was a time when everyone took it for granted that unemployment insurance, which normally terminates after 26 weeks, would be extended in times of persistent joblessness. It was, most people agreed, the decent thing to do.

But that was then. Today, American workers face the worst job market since the Great Depression, with five job seekers for every job opening, with the average spell of unemployment now at 35 weeks. Yet the Senate went home for the holiday weekend without extending benefits. How was that possible? Read the rest of this entry »

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