Archive for the ‘robert reich’ tag
Robert Reich says 40 percent likelihood of a jobless recovery
I like reading Robert Reich. I’ve read two of his books and when he writes a column I tend to read it. As far as economic writers go I like him and Robert Kuttner. Of course there are others like Barbara Ehrenreich that I like as well, but I digress.
Reading Reich’s piece in Huffington Post he states that there is a forty percent likelihood of a jobless recovery.
Jobless recovery (40 percent). The stimulus remains in full force, the Fed keeps interest rates low, firms replace inventories and expand production. But with the average workweek hovering around 33 hours, employers don’t add new jobs; they just have current workers put in more hours. Result: No drop in unemployment.
