Word: reals
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...meet the increase in demand. Now policymakers are talking about Cash for Caulkers, a program that would give homeowners an incentive to better weatherize their houses. The goal would be to create work for a construction industry that still hasn't found its feet in the wake of the real estate bust, while also pushing through a bit of the Administration's green agenda...
...jobs on short notice isn't exactly in the government's wheelhouse. In the long term, what the government does and doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products and services. Callous as it may sound, high unemployment...
...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...
Another oft heard complaint is that aside from the dearth of real protection for bona fide informants, the system doesn't do enough to weed out the inveterate liars and con men looking for government shelter. "Many witnesses under protection will say anything to save their skins," says Carlos Gallegos, a lawyer and political analyst at the National Autonomous University of Mexico in Mexico City. "How can the system trust them? They can cause havoc in a legal system as fragile and corrupt as ours...
...union 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...