Why are We Complacent About Unemployment?

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Manan Shulka asked me why there is no outrage about what is happening in the economy. David Romer, participated in an IMF conference of economists who discussed issues in the macroeconomy and he raised the flag about the lack of discussion about the high unemployment rate. Krugman provides his answer. The graph that he posted shows that although unemployment is high, the rate of layoffs has fallen. Those who are employed are less concerned about losing their jobs. Meanwhile, the politics of austerity mean that nothing will be done by governments to deal with those who are currently unemployed. There is an implicit assumption that nothing will be done so why talk about it.