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[size=34]Keep Unemployment From Mushrooming With Preventative Policies by Pavlina Tcherneva[/size]
There is nothing inevitable or natural about jobless recoveries.
If they have become a new normal, it is largely by design. Fiscal and monetary policies always arrive too late — when recessions are well underway — and just as it is impossible to stop an avalanche after it has started, it's impossible to reverse mass layoffs in the midst of a crisis.
There are better ways to stabilize the business cycle and prepare for the next recession through forward-thinking policies of prevention and mitigation.
https://www.nytimes.com/roomfordebate/2016/07/11/are-we-ready-for-the-next-recession/keep-unemployment-from-mushrooming-with-preventative-policies
There is nothing inevitable or natural about jobless recoveries.
If they have become a new normal, it is largely by design. Fiscal and monetary policies always arrive too late — when recessions are well underway — and just as it is impossible to stop an avalanche after it has started, it's impossible to reverse mass layoffs in the midst of a crisis.
There are better ways to stabilize the business cycle and prepare for the next recession through forward-thinking policies of prevention and mitigation.
https://www.nytimes.com/roomfordebate/2016/07/11/are-we-ready-for-the-next-recession/keep-unemployment-from-mushrooming-with-preventative-policies
