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Will large numbers of today’s children grow up to become servants and nannies in the homes of the digital bourgeoisie? There is good reason to believe that the answer is yes.
The most pressing issue of the day remains sky-high unemployment. There is, however, almost no consensus about how to think about the the depth of the problems facing the U.S. labor market. Many believe that the staggering unemployment rate is purely cyclical. Karl Smith, an economist at the UNC School of Government, has written a post on “the myth of structural unemployment,” arguing that “the structure of the American economy hasn’t changed that much in the last 24 months.” read more
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