Word: ifs
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Dates: during 2000-2009
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When it comes to handing out gushy blurbs for movies, David Letterman is no Larry King. Yet when Natalie Portman was a guest on his show recently, the crabby old host couldn't stop raving about her new film Brothers. "This is the finest film made in the last 12...
Such a targeted type of program has a good shot at doing what it sets out to do. The downside: intervening in the economy in such a precise way is almost by definition not expandable. Cash for Caulkers would give building contractors a boost, but they represent a small slice...
Pay Companies to Hire People If we want firms to go out and hire, why not give them an economic incentive to do so? This could be done by flat-out paying companies to hire, or by reducing their share of payroll taxes (the money that gets withheld from workers...
But there are reasons to question how effective and efficient such a program would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real...
It is also misleading to imply that companies aren't hiring. They are - about 4 million workers a month. There is always a lot of churn in the American labor market and that doesn't stop during a recession. (We don't particularly feel the hiring right now because companies...