Larry Mishel on Structural Unemployment Once Again

Larry Mishel:

Claims that today's unemployment is predominantly "structural" should be treated skeptically since that implies that people gainfully employed a year or two ago are now inappropriate for available jobs; The notion that work processes have dramatically changed over the recession, leaving millions of workers unqualified for work, is hard to square with the low levels of investment in equipment and software and the meager productivity growth, just 6.3% in two and-a-half...