Economic Update: “Parental Leave” in US Jobs Lags All Other Advanced Countries

Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. The show begins with updates on the grim US employment data released on June 1, on how Europe experiences global capitalist crisis differently in Greece, Spain and Germany, and on how “parental leave” in US jobs lags all other advanced countries. Professor Wolff interviews Dr Harriet Fraad on the rapid increase of US adults living alone and the causes and consequences of this both economically and psychologically. The radio show ends with responses to questions about Spain, US student debt, economic collapse.