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:
/337/ Nigeria Rising Downwards ft. Sa’eed Husaini
Excerpt: /336/ Reading Club: Freedom (3)
Excerpt: /335/ AI & the End of the End of History
/334/ Cancellation is Cancelled ft. Norman Finkelstein
Excerpt: /333/ Aufhebonus Bonus (April 2023)
UNLOCKED: /306/ AI Capitalism: Inhuman Power
/331/ The Zone (pt. 1) ft. Quinn Slobodian
Excerpt: /330/ Reading Club: Freedom (2)
/329/ Justice Warriors ft. Matt Bors & Ben Clarkson
Excerpt: /328/ The New Scramble for Africa
/327/ Capitalism on Edge ft. Albena Azmanova
UNLOCKED! /319/ The Dead Left (II) ft. Steve Hall & Simon Winlow
Excerpt: /326/ What Did Capitalism Do Next?
Excerpt: /325/ Reading Club: Freedom (1)
/324/ Reifying Race ft. Kenan Malik
Excerpt: /323/ Tasty Frictionless Convenience
/321/ Covid Dissensus ft. Toby Green & Thomas Fazi
Excerpt: /320/ Aufhebonus Bonus (Feb 2023)
/318/ The Dead Left ft. Steve Hall & Simon Winlow
/316/ From Emergency to Emergency: 2022 Review, ft. Ashley Frawley
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