Last Monday was Labor Day, a time to celebrate the social and economic achievements of workers. However, high unemployment levels continue to top global news agendas, with many arguing that we have not yet shaken off the effects of the 2008 financial crash. Edward P. Lazear says that employment-boosting policy depends on whether recessions are structural or cyclic, but it is often difficult to distinguish between the two. While monetary policy can tackle structural issues, it is usually not as effective during cyclical downturns.
Read more about effects of the global recession in the news:
Guy Standing gained critical success for his 2011 book Precariat, which introduced the emerging mass class characterized by inequality and insecurity. This new book builds further upon this social phenomenon, looking in more detail at the kind of progressive politics that might form the vision of a Good Society in which such inequality, and the instability it produces, is reduced.
A Precariat Charter discusses how rights - political, civil, social, and economic - have been denied to the Precariat, and argues for the importance of redefining our social contract around notions of associational freedom, agency, and the commons.