Showing posts from February, 2014

Can America fix its cyclical Unemployment Problem: Revisiting an old debate?

Keywords and Terms: Unemployment Compensation; Cyclical; Relational; Disillusionment; Stigma Disenfranchisement, Congress, Free-Market Enterprise, Corporate America; Re-engineering; Mental Health Raved Homes; Coding and Algorithm; Machine Power;Globalization; Off-shoring; Change
I am confused; not so much about what is broken in American Politics; but, about what is fixable but which congress has paid little attention. The phenomenal perennial unemployment problem that characterize the free market economy continues to ravage many American homes. The recurrent nature of unemployment in the free market economy has made some economists diagnose this problem as endemic of capitalism; and somewhat, relational. To the untrained mind, the question is: what does cyclical or relational mean? In a lay man’s mind, cyclical means occurs every now and then or ever so often; some say every ten years, others claim five years. Relational, in the construct of an economist: unemployment and inflation ar…