> At no point does the author convincingly explain that American unemployment is a problem of geographical mismatch, instead of the far more likely case of skills mismatch.
If it were a case of either of those, it would be visible in the data. Which it isn't. American unemployment - and European unemployment, for that matter - is a result of the class warfare practiced by the rich against the poor in recent years. Paul Krugman suggests Republican policies are responsible for 2% extra unemployment, nationwide:
High unemployment is a result of policies that have artificially suppressed demand for goods and services by taking money out of the hands of people who will actually spend it, resulting in an overall excess supply of labor and low demand for labor and therefore, low wages.
If it were a case of either of those, it would be visible in the data. Which it isn't. American unemployment - and European unemployment, for that matter - is a result of the class warfare practiced by the rich against the poor in recent years. Paul Krugman suggests Republican policies are responsible for 2% extra unemployment, nationwide:
http://krugman.blogs.nytimes.com/2013/10/15/the-gop-tax/
http://krugman.blogs.nytimes.com/2013/10/17/what-a-drag-2/
High unemployment is a result of policies that have artificially suppressed demand for goods and services by taking money out of the hands of people who will actually spend it, resulting in an overall excess supply of labor and low demand for labor and therefore, low wages.