The Great American Job Creation Machine In Comparative Perspective
This chapter examines job creation in the U.S. and compares it with those of the eighteen other rich democracies. It attempts to explain why some countries created more jobs than other countries and argues that current discussion on job creation in the U.S. versus Europe overemphasizes demand policies and barriers to labor mobility. It explains that if job creation is a product of demand policies and is an end in itself, then policy analysts should be concentrating their attention on an appropriate mix of fiscal and monetary policies.
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