I hate to be the one to tell you, but the jobs that were lost in the debacle that resulted in part from the real estate bubble, are not coming back. So if we are going to have 10% unemployment (it’s really more like 20% but we don’t count the people that had given up looking for work), more or less permanently (although will likely get worse), then what does this mean for our country? So is there an alternative? Yes, we can go back to the promise of a four day work week, something I was told to expect when I was growing up in the 50s and 60s. If we reduced the work week to 32 hours, after a period of adjustment, everyone could be employed. Continue reading →