Washington Post Tells Readers That the Possibility of a Rising Debt to GDP Ratio in a Decade Is a Bigger Problem than Millions of Unemployed Young People Today

According to the Congressional Budget Office the economy is currently operating at a level of output that is 6 percent (@ $1 trillion) below its potential. This lost output represents income that would primarily go to currently unemployed or underemployed workers, a disproportionate share of whom are young. If the economy were near full employment, lower paid workers, who are also disproportionately young, could expect to see higher wages.


If Congress was prepared to spend more money on infra...

 •  0 comments  •  flag
Share on Twitter
Published on December 20, 2013 03:16
No comments have been added yet.


Dean Baker's Blog

Dean Baker
Dean Baker isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Dean Baker's blog with rss.