Share the Work
For those unfortunate enough to experience it, long-term unemployment is a tragedy, and there is a danger for society as a whole that the productive capacity of a significant portion of the labor force will be impaired. In the US, an old solution from the 1930's, work-sharing, should be revived and encouraged.
https://prosyn.org/lstjIBE
BERKELEY – The United States today is facing a crisis of long-term unemployment unlike anything it has seen since the 1930’s. Some 40% of the unemployed have been out of work for six months or more, which, as US Federal Reserve Board Chairman Ben Bernanke noted in a recent speech, is far higher than in any other post-World War II recession.