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:
/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)
/292/ Bungazão 2022: Unrealistic Pragmatism, ft. Unbridled Possibility Collective
/291/ The Right Timeline ft. Mattia Salvia
/290/ Cassoulet of Disruption ft. Nathan Sperber
Excerpt: /289/ Aufhebonus Bonus (September)
Excerpt: /288/ Feudal Limpets (Bunga Goes Royal)
/286/ What Was Communism? ft. Branko Milanovic
/284/ Bungazão 2022 ft. Alcysio Canette
Excerpt: /283/ Reading Club: Trust & Mistrust
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