Companies today are slashing jobs with a meat ax. Recession looms or is already here, depending on whom you ask. Some predict unemployment rising into double figures.
We've got a bad case of the economic willies, and are scared about what lies ahead. Lessons from the Works Progress Administration can give us guidance for the future.
The WPA was Franklin Roosevelt's response to massive unemployment during the Great Depression of the 1930s. It put more than 8 million Americans to work before the program closed when World War II drove unemployment close to zero. It helped people save their homes and feed their families in the short run, but the work they did benefited the United States long after the Depression ended. Read full article »