Why No Jobs?
by John Goodman
August 12, 2011
Source: Texas Insider
Why aren’t employers hiring more workers? Why are so many people seeking work unable to find anything other than part-time positions or temporary employment? And that’s when they can find a job at all.
In short, what’s causing the continuing stagnation of the U.S. economy?
Former Sen. Phil Gramm observed in the Wall Street Journal recently that we’ve had recessions before. But at this point in the cycle we should be roaring back. Had we followed the pattern of the previous 10 recessions, almost 12 million more people would be employed right now, producing additional goods and services worth more than $8,000 for every household in America.