In two recent posts (
here and
here), it was noted that educational credentials have had next to zero significant causal influence on structural unemployment, and that stagnation is primarily due to lack of adequate effective demand and appropriate fiscal policy. According to
CEPR,
[with] population growth implying labor force growth in the neighborhood
of 90,000, the economy is cutting into the backlog of unemployed workers
at the rate of 90,000 a month. With the economy still down close to 7
million jobs from trend levels, this would imply that we would reach
full employment some time in 2020.
Read rest
here
No comments:
Post a Comment