In order to have an economic recovery, there should be several fundamental changes (e.g., financial sector reform and a balanced budget). Yet, above all, the economy can’t recover without jobs. That’s why unemployment matters so much. High structural unemployment would threaten civil society.
The following two articles discuss the grim picture of jobless America with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. A new jobless era in America will likely change the life course and character of a generation of young adults and ultimately affect American politics, its culture and the character of American society for years to come.
http://www.nytimes.com/2010/02/21/business/economy/21unemployed.html
http://www.theatlantic.com/doc/print/201003/jobless-america-future
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