How Can We Create Jobs? – 2017

(This is an expanded version of a piece I wrote over four years ago. The U.S. economy is better now than it was then, but the question is still important.) — In 1992 James Carville, Bill Clinton’s campaign manager, famously coined the phrase, “The Economy, Stupid.” The phrase went viral as it was transformed into, “It’s the economy, stupid.” Today, in 2017, many observers claim that Carville’s slogan still applies. “It’s (still) the economy, stupid,” a lesson the Democrats failed to remember.

Power house worker adjusting a steam pump

How Can We Create Jobs in the U.S.?

As we approach the end of this campaign season, both candidates are talking about jobs. It’s about time. The employment outlook is still bleak. Unemployment is running around 8.5% nationally, and is much higher among the young and minorities. It appears to me that neither Democrats nor Republicans have advanced any truly convincing ideas of…