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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.” quote by Ben Bernanke
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“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.”

Ben Bernanke

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.

Key Takeaway

Address skill loss and re‑engage workers.

Themes

employment economy productivity

Mood

concerned analytical

Type

policy economic

When to use this quote

  • policy design
  • job training programs
  • re‑employment services
  • economic forecasting

Key Concepts

human capital labor market dynamics

Questions to Reflect On

  • How can we keep skills sharp during unemployment?
  • What policies best support re‑entry?
A Different Perspective

Skill decay can be mitigated with targeted interventions.

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