Why has the American economy had such sluggish job creation and economic growth? That’s a pretty fundamental question, and one for which most conventional economists have had unsatisfying answers. Policymakers think they can get growth by just stepping a little harder on the gas pedal, with federal stimulus spending or low interest rates. As you may have noticed, that hasn’t been working very well.
Why We Have — and Probably Will Keep Having — Sluggish Job Growth
