Coloured by Regional Grammar
February 20, 2017 5:54 AM Subscribe
Because of where the structurally unemployed live, what they’ve done, or the skills they lack, employers can’t or won’t hire them. The problems that keep today's jobless stuck on the sidelines are different than those of past recoveries: a complex web of often interrelated issues from disability and drug use to criminal records.Jeanna Smialek and Patricia Laya, The New Face of American Unemployment, Bloomberg (7 February 2017).
Further commentary on the story from Naked Capitalism:
When you read the stories carefully, they actually depict two overarching problems: discrimination and the far-ranging impact of the opioid epidemic.Meanwhile:
The bigger point is that neoliberalism treats individuals as able to make their own way, when people are products of their families and communities. And we have entire sections of the country being laid waste by the combination of economic distress, poor education, weak social safety nets, and despair. And regulatory neglect made a bad situation vastly worse.
The richest newcomer to Forbes 2015 list of America’s Richest Families comes in at a stunning $14 billion. The Sackler family, which owns Stamford, Conn.-based Purdue Pharma, flew under the radar when Forbes launched its initial list of wealthiest families in July 2014, but this year they crack the top-20, edging out storied families like the Busches, Mellons and Rockefellers. How did the Sacklers build the 16th-largest fortune in the country? The short answer: making the most popular and controversial opioid of the 21st century — OxyContin.Alex Morrell, The OxyContin Clan: The $14 Billion Newcomer to Forbes 2015 List of Richest U.S. Families, Forbes Magazine (1 July 2015).
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