Don Peck doesn’t offer much hope for the U.S. job recovery. Writing in the Atlantic, he says that each recession in recent decades seems to recover at a slower pace. The title of his article is a depressing “How a new jobless era will transform America.”
If it persists much longer, this era of high joblessness will likely change the life course and character of a generation of young adults—and quite possibly those of the children behind them as well. It will leave an indelible imprint on many blue-collar white men—and on white culture. It could change the nature of modern marriage, and also cripple marriage as an institution in many communities. It may already be plunging many inner cities into a kind of despair and dysfunction not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years.
One economist says, ““We’re about to see a big national experiment on stress.”