Friday, October 21, 2011

Joseph Stiglitz: How to put America back to work

Opinion: How to put America back to work - Joseph E. Stiglitz -

September 7, 2011

"The country is — or should be — focused on jobs. Some 25 million Americans who want a full-time job can’t get one. The youth unemployment rate is as much as twice that of the already unacceptable national average.

America has always thought of itself as a land of opportunity — but where is the opportunity for our youngsters who face such bleak prospects? Historically, those who lose their jobs quickly got another, but an increasingly large fraction of the unemployed — now more than 40 percent — have been out of work for more than six months."

Is there anything that anyone can really do -- given the country's looming debt and deficit? The answer from economics is: There is plenty we can do..."

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