Thursday, August 9, 2012

When you've lost Brad DeLong...

And you're a Democrat, things aren't looking good;

But restoring the employment-to-population ratio to 63%? Boosting American employment by 10.7 million to get us back to the--completely sustainable--employment-to-population ratio of the pre-crisis era?
I look at this graph and I do not see how it can be done, absent truly massive and successful public active labor market policies to better match workers to jobs…
So, the Berkeley economist wants to hope for change he can believe in.  Surely that won't be from another four years of what we've just experienced.

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