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Edward Glaeser on Joblessness and the War on Work

EconTalk

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What Has Changed Since the Industrial Revolution?

In 19 100, if you were a blacksmith, you probably had made a good living. But verys soon after 19 hundred, being a blacksmith was not a good occupation. And so the questionis, what has has changed? And i think the answer is that if high school doesn't pay any more as much as it used to, it's hard for people. I often say thati sort of every non employed american is a failure of ontronerial imagination.

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