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:
/312/ Consolation-Prize Marxism & the Bunga-Bunga State ft. Dylan Riley
Excerpt: /311/ Reading Club: The Precariat
Excerpt: /310/ Do You Want to De-Grow?
/309/ Sack of Potatoes ft. Anton Jäger
Excerpt: /308/ A Balance-Sheet of the Left
Excerpt: /307/ Aufhebonus Bonus (Dec 2022)
Excerpt: /306/ Reading Club: AI Capitalism
/305/ Techno-Feudal Unreason
/303/ The Failure of the French Forever War ft. Yvan Guichaoua
OK BUNGER! The Problem of Generations (FULL)
Excerpt: /302/ Aufhebonus Bonus (Nov 2022)
Excerpt: /301/ Reading Club: Neo-Feudalism
/300/ Bunga at the End of the World
/299/ Micropower & Transcendence in Brazil (Bungazão 2022) ft. Miguel Lago
/298/ Working For Freedom ft. Alex Gourevitch
/297/ Bungazão 2022 (Clean & Godly) ft. Benjamin Fogel
Excerpt: /296/ Last-Gasp Neoliberalism (Trussonomics)
Excerpt: /295/ Aufhebonus Bonus: October
Excerpt: /294/ Reading Club: Conspiracy Theory
Excerpt: /293/ Goodbye 20th Century (RIP Gorby)
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