Attachment Quote by Ben Bernanke
“Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.”
About This Quote
Source Speech: Remarks on Labor Market, Federal Reserve, 2010
Extended joblessness harms individuals and erodes workforce skills, lowering overall economic productivity.
In simple terms: Long unemployment hurts people and the economy.
Address skill loss and re‑engage workers.
Themes
Mood
Type
When to use this quote
- policy design
- job training programs
- re‑employment services
- economic forecasting
Key Concepts
Questions to Reflect On
- How can we keep skills sharp during unemployment?
- What policies best support re‑entry?
Skill decay can be mitigated with targeted interventions.