Word: question
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...Wrong question," she suggests. "Did he believe his own speech? I don't think...
...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 bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate...
...want the Federal Government deciding which jobs should be created in our economy? In capitalism, the answer to this question in the long term is no. However, in the short term, there is a different economic argument that could plausibly take over...
...hesitate to hire. The conundrum: demand in the U.S. is overwhelmingly consumer-driven and people need to have jobs to feel like it's once again safe to spend money. It's a classic chicken-or-egg problem. Direct hiring by the government could, theoretically, sidestep the impasse. The question then becomes whether such a program creates more economic benefit than it does economic inefficiency by having the government dictate job creation. Consider that one criticism of the WPA was that it prevented people from moving to jobs where they would have been more economically productive - and actually slowed down...
...leader who won the presidential palace while still in his 40s, just decades after a time when Bolivians of his class and skin color weren't even allowed to vote. Morales hit the global stage with retro, Che Guevara-inspired leftist politics and colorful Aymara fashions. But the real question was whether he could actually govern and even improve South America's poorest and most volatile nation. (See the 10 worst dressed world leaders...