Why Congress Doesn’t Care About Unemployment

Menzie Chinn posts a chart from “Labor Underutilization Problems of U.S. Workers Across Household Income Groups at the End of the Great Recession” (PDF) by Andrew Sum and Ishwar Khatiwada, with Sheila Palma:


As Larry Bartels has shown legislators tend to simply ignore the policy preferences of low income people and Republicans double-weight the preferences of rich people. Consequently, Democrats are not as alarmed as they should be about the bleak jobs picture and Republicans basically don’t care at all.