The
Atlantic (Peck) - The Great Recession may be over, but this era of
high joblessness is probably just beginning. Before it ends, it will
likely change the life course and character of a generation of young
adults. It will leave an indelible imprint on many blue-collar men. It
could cripple marriage as an institution in many communities. It may
already be plunging many inner cities into a despair not seen for
decades. Ultimately, it is likely to warp our politics, our culture, and
the character of our society for years to come...
We are in a very deep hole, and we’ve been in it for a relatively long time already. Concerns over deficits are understandable, but in these times, our bias should be toward doing too much rather than doing too little. That implies some small risk to the government’s ability to continue borrowing in the future; and it implies somewhat higher taxes in the future too. But that seems a trade worth making. We are living through a slow-motion social catastrophe, one that could stain our culture and weaken our nation for many, many years to come. We have a civic—and indeed a moral—responsibility to do everything in our power to stop it now, before it gets even worse.
To read the full, original article click on this link: The NACFAM Weekly: How a New Jobless Era Will Transform America
Author: Paul Fowler
