State of Large-Scale Unemployment
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A State of Large-Scale Unemployment is a state of high unemployment with an unemployment rate greater than 33%.
- Context:
- It can (typically) be preceded by a State of Mass Underemployment.
- It can be succeeded by a State of Full Unemployment.
- Example(s):
- Counter-Example(s):
- See: Structural Unemployment, Economic Depression.
References
2016
- Art Bilger. (2016). http://knowledge.wharton.upenn.edu/article/why-the-coming-jobs-crisis-is-bigger-than-you-think/
- QUOTE: ... to discuss his prescription for ameliorating the coming jobs crisis ... Here’s the math: A third of the population drops out at 15 and we keep them alive to 85. What do you do? ... People who drive for a living, whether it’s trucks, taxis, buses, whatever, [will be affected]. In some states, it’s one of the largest [sources of] jobs. … You are talking about a dramatic change in employment in this country. And that’s a key reason that I am doing this, because another thing that’s different is that this time, it’s about the heart of America. It’s not just about the bottom 20%. This is about the lower-middle class, the middle-middle class, the upper-middle class. ...
2015
- https://workingnation.com/welcome-to-workingnation-2/
- QUOTE: The looming threat of mass Structural Unemployment is everyone’s problem. Nearly half of the country could be affected directly and the rest could suffer from the consequences of a devastated U.S. economy. Many people fail to realize that it won’t just be factory workers and unskilled laborers who lose their jobs. Technology is eliminating highly skilled positions in white-collar industries as well.
2014
- (Smith & Anderson, 2014) ⇒ Aaron Smith, and Janna Anderson. (2014). “AI, Robotics, and the Future of Jobs." Pew Research.
- QUOTE: Half of these experts (48%) envision a future in which robots and digital agents have displaced significant numbers of both blue- and white-collar workers — with many expressing concern that this will lead to vast increases in income inequality, masses of people who are effectively unemployable, and breakdowns in the social order. The other half of the experts who responded to this survey (52%) expect that technology will not displace more jobs than it creates by 2025.
1994
- (Freeman & Soete, 1994) ⇒ Chris Freeman, and Luc Soete. (1994). “Work for all Or Mass Unemployment?: Computerised Technical Change Into the Twenty-first Century." Pinter. ISBN:1855672553