Paul Krugman: “How long does it take you as an individual to recover from the fact that you happen to graduate from college into a bad job market? And the answer is forever. It scars your entire work career. You will never recover from the fact. So the kids that are graduating into the 2011 job market are never going to have the lives they should have had. And this is going on. At the moment, it does not look like the 2012 job market is going to be very much better than the 2011 job market. So this is a tragedy.
And the fact that our political system has basically turned its back on the whole problem, that none of the discussion in Washington is about how to create jobs. It’s all about who can be more aggressive about cutting spending; that’s something that’s gone terribly, terribly wrong.” --Paul Krugman with Jeff Greenfield at 92Y March 29, 2011. You can watch the full video on FORA.tv by purchasing a 60 day pass.
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