Our Economic Times: The Costs of Long-Term Unemployment

This news article was published in Savannah Morning News.

As in past recessions, the immediate economic crisis has taken its greatest toll on the labor market. At a time when, seemingly, all you hear on Capitol Hill revolves around budget woes, tax reform and the ensuing fiscal meltdown, focus has been mistakenly diverted away from our nation's number one problem: Persistent unemployment. Policy makers underestimate the insidious nature of sustained joblessness and the ripple effects across generations to come. The average duration of unemployment in the...