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Unemployment: Barrier to the American Dream

Unemployment: Barrier to the American Dream. The Problem Threat to Economic Well Being Jobs, Social Relations, and Identity Reality of Unemployment What Causes Unemployment? Failure of Wage Adjustment Insufficient Demand: Intro to Keynesian Macro

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Unemployment: Barrier to the American Dream

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  1. Unemployment:Barrier to the American Dream • The Problem • Threat to Economic Well Being • Jobs, Social Relations, and Identity • Reality of Unemployment • What Causes Unemployment? • Failure of Wage Adjustment • Insufficient Demand: Intro to Keynesian Macro • The Great Recession: Challenge to the Dream • Consumer Age • Role of Inequality • Discussion: Link Between Demand and the Future of the American Dream

  2. Household Demand Stimulus in Consumer Age

  3. 12.5%

  4. Unsustainable Trend Middle Class: up 95%

  5. Why Big Decline? Low interest rates Depressed Actual GDP

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