To be among America's long-term unemployed — workers who have been jobless at least six months — is especially demoralizing for midcareer professionals and managers in their 40s and up because, from the perspective of potential employers, not hiring these workers can make sense.
On close inspection, the threat that Russia could use its natural gas as a doomsday weapon involves much bluff. If used, it would probably do less damage than imagined while imposing long-term costs on Russia.
The transition in many industrialized countries from retiring early to working longer is happening at an awful time. Without stronger economic recoveries, jobs taken by older workers contribute to the high unemployment of the young.