Fun with structural unemployment:

The Effect of Modern Technological Conditions upon the Employment of Labor Author(s): Edna Lonigan Source: The American Economic Review, Vol. 29, No. 2 (Jun., 1939), pp. 246-259 URL: //www.jstor.org/stable/1803623

A learned article making the case that high unemployment is the result of our failure to adapt to rapid technological change, and that there are no easy answers. In particular, welfare programs designed to protect workers from the costs of change are making things much worse. Clearly, the problem requires structural reform, and it’s foolish to think that it could be solved just by increasing demand.

In the two years after the article was published, as the US began its military buildup and demand increased as a result, employment rose by 20 percent — the equivalent of adding 26 million jobs today.

Same as it ever was. Same as it ever was.