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:
/244/ Bunga NYC: Live Debate ft. Adam Tooze
/236/ Green Nazi Paedos ft. Lily Lynch (UNLOCKED)
/242/ Bureaucracy Rules OK ft. Michael Lind
Excerpt: /241/ Three Articles: Peace & Social War in North America
/240/ Populist Interventions: Örebro Party ft. Malcolm Kyeyune
/239/ Against Justice ft. Ross Wolfe
/238/ Reading Club: Emergency Politics I (Extended Excerpt)
Excerpt: /237/ Three Articles: Italy, Ukraine, Matrix
Excerpt: /236/ Green Nazi Paedos ft. Lily Lynch
/235/ Political Ritalin ft. Anton Jäger
Grand Reset
Excerpt: /234/ Three Articles: Restoration?
Excerpt: /233/ Aufhebonus Bonus
Excerpt: /232/ Reading Club: Cold, Hard / Warm, Soft
/231/ New Class Analysis ft. Catherine Liu
Excerpt: /230/ Repetition Compulsion ft. Doug Lain, pt. 2
/229/ Repetition Compulsion ft. Doug Lain, pt. 1
/228/ Three Articles: Popular Backlash in Chile, India, Europe
Excerpt: /227/ Reading Club: All That Is Solid
Excerpt: /226/ Science Says: No Woke
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