Long-Term Unemployment Has Long-Term Effects

Travel day coming up, so a series of quick hits. Let's start with this. Long-term unemployment has permanent effects:

The Enduring Consequences of Unemployment, by Binyamin Appelbaum, Commentary, NY Times: Our economic malaise has spurred a wave of research about the impact of unemployment on individuals and the broader economy. The findings are disheartening. The consequences are both devastating and enduring.

People who lose jobs, even if they eventually find new ones, suffer lasting damage to their earnings potential, their health, and the prospects of their children. And the longer it takes to find a new job, the deeper the damage appears to be. ...

Maybe we should do something.