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A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery.
Obama does not need to worry as much as past Democratic presidents about being labeled soft on national security - not after giving the order that led to the assassination of Osama bin Laden. No, his biggest concern is being labeled tone deaf on joblessness and debt.
Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.
White America is tortured by black America's failure to thrive, and all that guilt and anxiety has only gotten worse as a substantial quota of white America loses its own footing in the middle class and plunges into the rough country of joblessness, hopelessness, and government dependency.
The people who do not get jobs are often the most vulnerable in our society, and joblessness is a terrible plight for anyone who suffers from it.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
You see, you can't put joblessness in a jail cell.
We need to make sure that joblessness never pays more than employment.
Economically, long-term joblessness means fewer dollars for consumption. For deficit control, it means fewer taxpayers contributing to government revenues and tens of billions more spent on unemployment insurance.
