Deindustrialization in the Granite State: monetary policy, financialization, & the loss of U.S. manufacturing jobs

By Marie Duggan. From Dollars&Sense: The central room is 65,000 square feet with a high ceiling. This room is noisy, with large machines emitting loud hums and whirrs. The machinists are dwarfed within the canyons between the rows of equipment. Many of the machines have plastic housings, so that each looks like a giant photocopier, … More Deindustrialization in the Granite State: monetary policy, financialization, & the loss of U.S. manufacturing jobs

Unemployment: The Silent Epidemic

By Pavlina R. Tcherneva, This paper examines two key aspects of unemployment—its propagation mechanism and socioeconomic costs. It identifies a key feature of this macroeconomic phenomenon: it behaves like a disease. A detailed assessment of the transmission mechanism and the existing pecuniary and nonpecuniary costs of unemployment suggests a fundamental shift in the policy responses … More Unemployment: The Silent Epidemic

The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class

By Servaas Storm, The Great Financial Crisis of 2008 deeply scarred the U.S. economy, bringing nine dire years of economic stagnation, high and rising inequalities in income and wealth, steep levels of indebtedness, and mounting uncertainty about jobs and incomes. Big parts of the U.S. were hit by elevated rates of depression, drug addiction and ‘deaths … More The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class

Why We Need a Federal Job Guarantee

by Mark Paul, William Darity Jr, & Darrick Hamilton Universal basic income (UBI), an annual government-sponsored payment to all citizens, has been gaining traction across the American political landscape. Andy Stern, former Service Employees International Union president, believes the program will counteract the “acceleration of technology” that he thinks will likely create “work but not reliable jobs … More Why We Need a Federal Job Guarantee