Saturday, January 14, 2012

Employment in the US

In his article, Zakaria: Romney's Real Problem, Zakaria states:  "If you look at job creation over the last 20-25 years in America, you’ll notice that we haven't been able to create any jobs in what is called the “tradable sector” of the economy - those jobs that are subject to global competition. The only jobs we’ve really created have been in industries like health care, government, and construction, which are basically local industries shielded from global competition. You can't outsource the building of a New York skyscraper to a Chinese worker."  Looking a little further, the Economist has an article Moving to Stagnation, which discusses job growth and movement in the US (and certainly is not happy news for NM).  Foriegn Affairs has a nice, longer article (for fee), Globalization and Unemployment, on the structural issues facing jobs in the US.

No comments:

Post a Comment