Where Have All the New Jobs Gone?
Job creation has come to a near halt. What explains employers’ reluctance to create new jobs in an expanding economy?
69 articles
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Dear Dr. Dollar:
Many times I have read (in writings by former Secretary of Labor Robert Reich, for example) or heard it said (by President Obama, for example) that technology is eliminating more manufacturing jobs in the United States than rising imports. Is that true? --Kevin Rath, Oakland, Calif.
Dear Dr. Dollar:
With the crisis in Greece and other countries, commentators have said that governments are "under pressure from the bond market" or that bond markets will "punish" governments. What does this mean? --Nikolaos Papanikolaou, Queens, N.Y.
Dear Dr. Dollar:
In his book Colossus (2004), Niall Ferguson argues that a major problem with Social Security and Medicare is their underfunded liabilities--to the tune of $45 trillion. Ferguson uses a 2003 report by Jagadeesh Gokhale and Kent Smetters to substantiate the seriousness of the issue. Can you comment on
Dear Dr. Dollar:
I learned in my economics classes that in a market economy, problems tend to be self-correcting: when a recession starts, demand weakens; then prices drop, people and firms start to buy more and the economy picks up again. So why don't we see this kind of self-correction now? Why does it seem as if
Dear Dr. Dollar:
Isn't the "bailout" of Wall Street like having a rotten tooth extracted? The extraction is very unpleasant, but it beats the alternative. Even if the dentist charges an unreasonably high fee, I am still going to pay and have the job done. Later I will worry about taking better care of my teeth. So s
Dear Dr. Dollar:
U.S. activists have pushed to get foreign trade agreements to include higher labor standards. But then you hear that developing countries don't want that because cheaper labor without a lot of rules and regulations is what's helping them to bring industries in and build their economies. Is there a w
Dear Dr. Dollar:
Who cares if Bear Stearns fails? Or the Carlyle Group? Or Merrill Lynch? Or one of the other big financial companies? They've made their profits. So what's the problem? --Julia Willebrand, New York, N.Y.
Dear Dr. Dollar:
Doesn't all the war spending stimulate the economy? And shouldn't the Bush tax cuts do the same? So why are we falling into recession? --Caitlin Young, Whitehall, NY
Dear Dr. Dollar:
Some of my friends believe that the Federal Reserve and international bankers (Rothschilds, Rockefellers, etc.) run the world. They think the Federal Reserve was formed in secret and is pretty much a conspiracy. This is all hooked up with other conspiracy theories and rightwing views that make me un