A new Economic Policy Institute study, Economic Scarring: The long-term impacts of the recession, by EPI Research and Policy Director John Irons, examines the potential long-term damage the recession can cause individuals and the economy in the areas of education, individual and family opportunities, private investments and technology, and entrepreneurial activity.
Economist and New York Times columnist Paul Krugman cited Irons’ paper in his October 2 column, “Mission Not Accomplished,” where he wrote, “Unless the government does much more than is currently planned to help the economy recover, the job market … will remain terrible for years to come.”