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The Recusant
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What's Killing the Jobs Market?

- Lew Rockwell -

"Businesses thrive in an environment of freedom." Yes, to a certain extent. But when left to their own devices without any regulatory limits we get shady practices like the subprime mortgages being sold as AAA investment, runaway healthcare, and manipulated auto emission results. Governmental regulations are needed to temper the natural tendencies of capitalism to make money at any cost. And that cost often is in the form of low wages. We bemoan the loss of corporate profits and weak sales, yet want to pay the worker, the consumers of the products, minimal wages. There must be balance. That's where regulations come into play. Of course some regulations are far too restrictive for a healthy industry growth, but others prevent economic disaster. The challenge is in the right mixture. To eliminate regulations altogether, as the author hints, is a certain road to chaos.

Commented 2420 days ago

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Beginning of the headline :The terrible job market has vexed an entire generation. It shows no hope of improving anytime soon. Young people are shut out. College students are taking refuge in matriculation without end. Thirty-somethings are zoning out in their parents' basements and attics. Despair for the future has become a theme of American public life. The question we must ask is: why is unemployment stuck at 10% in the narrowest measure and as high as 30% for some demographics? ... Read More

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