The American Jobs MACHINE

Holtz-Eakin, Douglas
January 2012
Ripon Forum;Winter2012, Vol. 46 Issue 1, p8
The article presents an analysis on monthly decline of the U.S. jobs between 19th century and 21st century leading to a growth in economic recession. It can be seen that there was a decline of about one-half in the labor force in the 21st century as compared to a healthy increase of labor force in 20th century. It is suggested that a new philosophy that recognizes recession to be same as large scale restructuring is needed.


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