By Eric StolzFor many Americans, the prospect of finding work is a nightmare.
Many feel trapped in jobs they hate and fear they won’t be able to find work in their chosen fields.
But there are plenty of jobs out there for Americans who don’t work.
And the US economist who coined the term “economics without borders” is telling us that that’s probably not the case for most Americans.
In an interview with CBC News, Harvard University economist John Maynard Keynes said the job market for the unemployed in the United States is “going to be very hard to find.”
But that doesn’t mean we’re not going to find another job, he said.
“I think the unemployment rate is going, I don’t think that is going anywhere,” Keynes said.
But while the number of people out of work in the U.S. is still relatively high, Maynard said he’s seeing a “significant drop” in the number seeking help for jobless Americans.
“It is likely to be a very, very large number of Americans that will not be able in some sense to find employment,” he said, according to the CBC.
“If you look at the unemployment rates in Europe, I think they’re in the same range of numbers.”
For Keynes, there’s a reason for that.
The U.K., Germany and France have the highest unemployment rates among OECD countries.
But when you look across the OECD, there are also many countries that have seen very strong growth in their labor markets.
Maynard also said the U and Canada’s economies are “so different.”
“I do think that if we look at countries that are not quite as developed as the U., but have much higher levels of unemployment, like in Germany, that’s not necessarily the case,” he told CBC.
The United States has had a fairly strong economy for a while now, Mayndons statement added.
The economy is “getting better,” and we’re “still in the midst of the Great Recession.”
But Keynes said there’s more work to be done.
“The question for me, and I would think for the United Kingdom, is, do we think that the unemployment in the labor market is going down?” he said in the interview.
“I think it’s going to take a lot of work, but the answer is, no, I do not think so.”