thank you for letting his participate in this forum for the impact of the criminal justice system on fulhamlso the co-author of the paper who is with the justice policy institute. together reagin our best to document the labor market to make concrete recommendations for reform to clear the path of full employment per in the few minutes that i have i will have the key findings. first most people though it has been widely reported that over the last several decades over 40 years we have seen a huge rise in the incarceration rates over the last 30 or 40 years. we incarcerate 2.four hour million people in the prisoner jail and another 5 million are on the supervision or parole or probation that is over 7 million. and every year the cost to the taxpayer exceeds to under $50 billion. given these numbers it is not surprising that large numbers of people have a criminal record to i undermine the job prospects. with 70 million adults nearly one out of three you have a serious misdemeanor or felony or restaurant conviction bedded is especially severe for opera but according to "the new york times" po

at that time he expressed pessimism to bring fulham play in the future so those demographics are moving in the adverse way and was concerned about productivity and technological change and argued going forward is likely and that spending might be chronically weak in a way to prevent the country from achieving full employment from going forward. hanson did not take that because we had a period of substantial growth and high employment relating to a population boom also to the application of the increases in the '50s and '60s. but summers has revised the argument and i want to be clear i think there is a lot of interest here. i am not trying to set up opposition but how these two perspectives said revival of the stagnation argument is tactical but the basic argument is because going forward returns to capital and consumer spending are likely to be weaker the of the past that interest-rate needed for full employment could be very low. there are lot of reasons why basie real though interest rates to the national association of economics with said demand of capital or consumer spending.xd so