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The Easiest Way to Understand Why We Can't Create Jobs

Source: theatlantic.com Author: DANIEL TENNER READ FULL ARTICLE AT theatlantic.com

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For the second straight summer, the U.S. recovery hit a wall. Unemployment is on the wrong side of 9 percent. The velocity of job creation is one-third of the pace we need to keep up with our growing population. To understand why, let's start at square one: Where do jobs come from?

That's no childish question, but it deserves a simple answer. A job is born when demand grows faster than productivity, either because consumers buy more of the same stuff or because innovations create new stuff....

Full article: The Easiest Way to Understand Why We Can't Create Jobs

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Nov 23 2011 submitted by Alison Brown

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