In the New York Times Sunday Magazine Larry Summers is asked about the economic scenario that keeps him up. His answer: the 20 percent of working age men, 25-54, who aren’t working.
Even with an economic recovery that’s likely to improve only to one in six, he said.
Why is that a problem? Larry’s answer:
There's consequences for poverty. It has consequences for the government's disability budget, crime, the ways in which children are raised.
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