This guy has spoken on the jobless recovery . It might be on his blog site.
Http://confoundedinterest.wordpress.com
He was on Kudliw talking about wage imbalance and why the USA won’t recover jobs with the massive regulations in place. Smart guy.
How is it a damn recovery without jobs?....
We have had a massive spending spree with employers holding back knowing very well the consequences are right around the corner.
The heart of Keynesian economic policy is to pump up the demand by putting dollars in more pockets most likely to spend. The problem with this strategy is the demand drops off as soon as the dollars stop. This drop in demand kills any recovery and the employers can fall into a trap of hiring too many workers only to pay higher employer taxes which vary based on how often that employer lays off or fires employees who then collect benefits.
It's Bush's fault.