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The Unemployment Crisis Is Looking More Structural Every Day – Megan McArdle – Business – The Atlantic

The political debate in America has become almost overwhelmed by the merits or faults of Obamacare and the long run challenges of Americas entitlement system.

As big of an issue as these are in the political realm, another, at least as large, issue looms in the economic policy realm. That is, whether our currently elevated unemployment rate is the result of cyclical or structural forces. To say unemployment is cyclical is to say that it is a part of the cycle of booms and busts that economists have been studying for hundreds of years.

via The Unemployment Crisis Is Looking More Structural Every Day – Megan McArdle – Business – The Atlantic.

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