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BK Blog Post
Posted by Jared Bernstein.
From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.
Over at WaPo. Of course, this begs the question what to do about it.
I tried to get into some of that in recent testimony, and while I focus largely on the demand side, I do not at all dismiss the supply side, including training and help with medical/physical/addiction challenges.
I have been focusing on direct job creation (also, apprenticeships), because I’m convinced that we don’t solve the problem of persistent and inadequate labor demand in left behind places–rural and urban–through indirect measures, like tax breaks for investing in some designated zone. More to come on this.