July 18, 2012
JEFF W. writes:
Your job market thread has been another very good discussion. I liked the comments about LinkedIn. I have always hated it and the people who use it.
I would like to describe my theory of why the American job market has been destroyed. On the surface, it makes no sense. The decline is extremely unpopular with voters, of course; one would think that politicians would always favor a healthy job market. A crippled job market has also damaged the government’s tax base; everyone in government has an interest in a healthy job market, and one would think that a worsening one would alarm them. The American consumer has been the source of sales revenues for businesses throughout the world; business interests thus should also very much want a healthy job market that puts money in consumers’ pockets. Why have the people, their elected leaders, government interests and business interests all been thwarted in their desire for a healthy job market? That question puzzled me for years. Read More »