wwnorton:

WHAT HAPPENS WHEN YOU GRADUATE FROM COLLEGE INTO A BAD LABOR MARKET?

“You will never recover,” warns the Nobel prize-winning economist Paul Krugman citing evidence from past recessions in a recent interview with Bill Moyers on PBS. “By the time you get a chance to get a job that makes any use of your skills you will already be tarred…it just shadows your whole life.”

This video is just a four minute excerpt from the compelling forty-seven minute interview. Watch the entire discussion to learn more about the “hidden misery” of the current recession and why Krugman considers “food stamps are the soup kitchens of today.”

In his latest book, End This Depression Now!, Paul Krugman argues how national recovery could be felt in just two years. It’s available in paperback on January 28th.

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  4. aiffe reblogged this from princessnijireiki and added:
    This is why when I see how many of you are in college, I wince for you.
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    Welp, this guy just fucked up my day.
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    Why I plan to stay in school forever
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    Now see…
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