The great recession may be over, but this era of high joblessness is probably beginning. Before it ends, it will likely change the life course and character of a generation of young adults. And ultimately, it is likely to reshape our politics, our culture, and the character of our society for years.
No one tries harder than the jobless to find silver linings in this national economic disaster. Many said that unemployment, while extremely painful, had improved them in some ways: they had become less materialistic and more financially prudent; they were more aware of the struggles of others. In limited respects, perhaps the recession will leave society better off. At the very least, it has awoken us from our national fever dream of easy riches and bigger houses, and put a necessary end to an era of reckless personal spending.
But for the most part, these benefits seem thin, uncertain, and far off. In The Moral Consequences of Economic Growth, the economic his
A. seek subsidies from the government
B. make profits from the troubled economy
C. explore reasons for the unemployment
D. look on the bright side of the recession
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