What is the economic impact of unemployment?

What will be the impact of prolonged flat growth and high unemployment in the US?

  • Looking at the past few years, it seems the worst is over, yet sustainable growth is elusive. WHAT IF this is the 'new normal'? OVERALL: How will it affect the American standard of living? What will be the tangible difference in their daily lives? Why would people be any less happier? Is there a chance people may experience true happiness beyond materialism?!

  • Answer:

    A great book, Aftershock by Robert Reich. It addresses your concerns succinctly. http://www.amazon.com/Aftershock-Next-Economy-Americas-Future/dp/0307592812

Russell Mickler at Quora Visit the source

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