The New Face of American Unemployment

According to Bloomberg, even at so called full employment, 20 million Americans are left behind.

According to this author, Federal Unemployment insurance should be extended and tiered for Tenured federal, state and local emplyees.  However, a caveat is that raising the minimum wage will exacerbate unemployment.  We may be entering an extended period of Stagflation unless the looming trade wars are ameliorated.  The Federal Reserve can defend itself by underwriting TIPS and selling them in Asia Pacific.  Also, corporations with large coffers of cash need to take more risk and higher satisfactionary employees.

We may have to feed Hoovervilles with Wonder Bread and PBJ.


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