Why has Congress turned its back on the unemployed?: The Fear Economy, by Paul Krugman, Commentary, NY Times: ... Some people would have you believe that employment relations are just like any other market transaction; workers have something to sell, employers want to buy what they offer, and they simply make a deal. But anyone who has ever held a job in the real world — or, for that matter, seen a Dilbert cartoon — knows that it’s not like that. The fact is that employment generally involves a power relationship: you have a boss, who tells you what to do, ... and high unemployment has greatly weakened workers’ already weak position in that relationship. We can actually quantify that weakness by looking at the quits rate...
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