Unemployment Is Still the Real Crisis
Paul Krugman reminds us in his New York Times column today that the real economic problem right now is a jobs crisis—not a deficit crisis. The unemployment rate may have dipped, but the number of jobless workers is more stubborn. So why aren’t pundits and the rest of the Inside-the-Beltway crew screaming about unemployment?
As Krugman points out, “Influential people in Washington aren’t worried about losing their jobs; by and large they don’t even know anyone who’s unemployed….and, of course, the unemployed don’t hire lobbyists or make big campaign contributions.”
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