Yesterday evening, I had the great chance to stumble upon this excellent essay by The Atlantic's Charlie Brooker, focused on the sociological, psychological and economic effects of prolonged unemployment affecting a high rate of the economically active population.
Although the article is focused on the United States market, economy and idiosyncrasies, most of its analysis, insights and conclusions could be adapted to the similar situations in other Western countries with high unemployment rates, such as Spain, so I think it's worth reading even if one is not particularly interested in the US case.
It also looks like I have not been the only one showing keen interest in this essay: David Brooks of The New York Times has summarised and analysed Charlie Brooker's essay in his daily op-ed article. Although he mentions some of the relevant facts pointed in the original article and gives his particular vision on possible solutions to address them, I recommend spending an hour carefully reading the article in The Atlantic. It's really worth the time.
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