If it persists much longer, this era of high joblessness will likely change the life course and character of a generation of young adults -- and quite possibly those of the children behind them as well. It will leave an indelible imprint on many blue-collar white men -- and on white culture. It could change the nature of modern marriage, and also cripple marriage as an institution in many communities. It may already be plunging many inner cities into a kind of despair and dysfunction not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years.
The powers that be say government must "stimulate" the economy through new spending or the system will be moribund for the foreseeable future. That means activist government, government that forces up wages (to give us "purchasing power"), government that taxes the "rich" and "gives to the poor."
High unemployment is a concern for the statists. People without jobs get despondent, desperate and angry. The government's policies are destroying jobs in the private sector and creating jobs in government. They cannot maintain the charade much longer without inciting the idled masses.
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