It is hard to believe that any increase in aggregate demand will boost the housing market – which, remember, was buoyed by visions of steady price appreciation that few seem likely to hold today – sufficiently to re-employ all these workers. Hurst estimates that this “structural” unemployment may account for up to three percentage points of total unemployment.
很难想象总需求的任何增长能够推动房地产市场重新雇佣所有人员，而且请记住一点，稳定升值预期支撑了房地产市场的繁荣发展，而今天看来这些希望已经彻底破灭。 据赫斯特估算这种“结构性”失业可能占总失业数的三个百分点。 换句话讲，如果不是建筑业拖累，美国的失业率可能只有6.5%——远好于今天的失业率数据。