FAILURE TO RECOGNIZE A BIFURCATED LABOR MARKET OR TO RESPOND TO ITS NEEDS: Bernanke Defends Fed Policies - WSJ.com
An interesting and open question would appear to be - if the US is distorting its economic view by listening to the mantra of the liberals and unions (for example, by not segmenting the needs of the labor force, where college-educated unemployment is under 5% but U6 unemployment is 17%) is it reasonable to have employment policies that broadly try to stimulate an economy where jobs are plentiful for those with an education and desperately lacking for those with little or no skills or education?
It there is a bifurcated labor market, why isn't this a subject of discussion?
Friday, February 18, 2011
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