Causes of High Unemployment
“The labor market today: Is unemployment cyclical or structural?” was a program of the American Enterprise Institute.
Nobel Prize-winning economist Peter Diamond used charts and graphs to talk about the causes of high unemployment. The latest monthly jobs report showed unemployment dropping to 7.3 percent, largely due to people who stopped looking for work. Professor Diamond argued for increased stimulus spending targeted at infrastructure, education, and research. Then economists Dean Baker and Kevin Hassett joined in discussing the issues.
People in this video
Dean Baker Co-Founder and Co-Director Center for Economic and Policy Research
Peter A. Diamond Professor Emeritus Massachusetts Institute of Technology->Economics Department
Kevin A. Hassett Senior Fellow and Director American Enterprise Institute->Education Policy Studies
Michael R. Strain Research Fellow American Enterprise Institute
- American Enterprise InstituteAmerican Enterprise Institute
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