Livin’ in a Shapiro-Stiglitz World

I have been wondering why so many seem to be indifferent to the plight of the unemployed. Sometimes, the attitude is not so much indifference, but rather irritation that the poor are exempted from the burdens of society (see e.g., [0]).

Here is a plot of the unemployment rate and the alternative unemployment rate including marginally attached and part-time workers.