Archives for July 2011
Why the Job Market Feels So Dismal
"The prescription for the American labor market is simple: low taxes on capital investment, avoidance of excessively burdensome regulation, and open markets here and abroad. We must create a climate in which investment is profitable, productivity is rising, and employers find it profitable to increase their hiring rate. These are the mantras that economists have chanted in the past. But they are our best bet for ensuring a dynamic and growing labor market." Why don't American workers feel that the labor market is on the mend? After all, the May 6 jobs report could suggest that the labor market…