December 7 2020 | Modern Money Theory: Week5 | Back Next |
New Deal programs of direct federal employment
Works Progress Administration (WPA)
Civilian Conservation Corps (CCC)
Post-war governments more oriented toward full-employment
But commitment waned from 1960s onward
"Structurally unemployed": attribute unemployment to social defects of the unemployed ...
... rather than shortcomings of government policy
"War on Poverty" and emphasis on job training rather than jobs for all
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