On unemployment.
The Covid crisis has led to millions out of work - but the situation was none too rosy before, either. Post-crisis recoveries seem increasingly 'jobless', while the overall labour force participation rate keeps falling as people drop out entirely.
We interview to Liz Pancotti of Employ America for a picture of what's driving US unemployment.
Then we talk to Aaron Benanav about his new book and learn that it's not robots who are stealing jobs, but rather capitalism's own stagnation. Why are both radical Keynesian ideas and UBI proposals no real solution? And, finally, what is the working class to do in a world with depressed demand for labour?
Running order:
Readings:
/401/ Modernity is Very Gay ft. Roger Lancaster
/396/ Enough Carnations? Portugal Decides, ft. Catarina Príncipe
/400/ The Political Oppositions of the Next Decade ft. Frost, Gourevitch, Liu, Phillips
/399/ From ADHD to Let Me Be (Emotion Sickness, pt III) [sample]
/398/ Emotion Sickness: The Politics of Feelings (II) ft. Ashley Frawley (sample)
/397/ Reading Club: Imagined Communities (sample)
Big news: Bungacast is getting bigger, better
/395/ A Coup From Within the Computer ft. Benjamin Studebaker (excerpt)
UNLOCKED /382/ Death of the Millennial Left ft. Chris Cutrone
/393/ Emotion Sickness: The Politics of Feelings (I) ft. Nina Power
/392/ The Biggest Country No One Talks About (II) ft. Michael Vann
Excerpt: /391/ Aufhebonus Bonus - Feb 2024
/390/ The Biggest Country No One Talks About ft. Vedi Hadiz
/388/ Betting on Bukele (I) ft. Nelson Rauda / Juan Rojas
/387/ Get Fungal to Save Culture ft. Lias Saoudi (Fat White Family)
Excerpt: /386/ Reading Club: Globalisation (III & IV)
/384/ Millennial Rule ft. Amber A'Lee Frost
/383/ Stare into the Abyss with Us ft. Juliano Fiori
Excerpt: /382/ Death of the Millennial Left ft. Chris Cutrone
UNLOCKED: /373/ Take a Stand: Be Neutral! ft. Lily Lynch
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