Paul Krugman in today’s NYTimes editoral describes the huge jobs problem America faces. Krugman states: ” There are six times as many Americans seeking work as there are job openings, and the average duration of unemployment — the time the average job-seeker has spent looking for work — is more than six months, the highest level since the 1930s.”
A key among Krugman’s suggestions is that local and state governments need some help since they can’t borrow their way out of trouble like the Federal government can. These agencies have direct impact on the quality of our lives in terms of police enforcement to education to the quality of our streets.
Krugman contends it is way past time for mere “symbolic gestures” and it is imperative that real job growth is promoted.
Hey, bloggers, can you spare an opinion?