Economic Turbulence: Is a Volatile Economy Good for America?
Clair Brown, John Haltiwanger, Julia Lane
Because the popular press focuses almost exclusively on net job creation or loss, they fail to paint a meaningful picture of how the U.S. economy really works underneath the surface. For every new job that journalists report in the economic section of your local newspaper, it typically means that 5 jobs were created and 4 were lost. And yet, churn of this sort is the sign of a healthy, vibrant economy. Thus, the effort to try to preserve jobs only leads to stagnation. Greater job loss will occur over the long run as competitors (both foreign and domestic) gain advantage precisely because they can both create and destroy jobs in response to market conditions. The authors of Economic Turbulence should be applauded for telling this story that too many people still don't want to hear.
Categorie:
Anno:
2006
Casa editrice:
University Of Chicago Press
Lingua:
english
Pagine:
210
ISBN 10:
0226076342
ISBN 13:
9780226076348
File:
PDF, 733 KB
IPFS:
,
english, 2006
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