On the ‘jobless recovery’: Chris Hayes in The Nation

Professor Tom Jankowski pointed me to this piece by Chris Hayes in the Nation. He breaks down the policy indifference to unemployment in Washington DC in two numbers: the unemployment rate among those with college educations (low) and the unemployment in booming Washington DC (also low–it’s a place with a lot of unemployment).

This manifests itself in our politics in two ways. For one, it just so happens that policy-makers, pundits and politicians are drawn from the classes that are in recovery, and they live in an area where new sushi restaurants are opening all the time. For even the best-intentioned and most conscientious staffers and aides this has, I think, a subconscious effect. Think of it this way: two office buildings are operating side by side in Chicago’s Loop in the middle of a brutally cold January day, when the heat in both buildings gives out. The manager of one building has an on-site office, so he finds himself plunged into cold; the other building is managed remotely, from a warm office whose heat is functioning. If you had to bet, you’d guess that the manager experiencing the cold himself would have a bit more urgency in restoring the heat. The same holds for the economy. The people running the country are not viscerally experiencing the depredations of this ghastly economic winter, and they lack what might be called the “fierce urgency of now” in getting the heat turned back on.