Books | Economic challenges and opportunities
by Marvin Olasky
Posted 10/24/19, 01:16 pm
One year from now we face a presidential election that may hinge on economic developments. David G. Blanchflower’s Not Working: Where Have All the Good Jobs Gone? (Princeton, 2019) points out that a high stock market and low unemployment still leave many workers underemployed or giving up. Blanchflower is mostly right that “the young are not striking out on their own and there is a storm of fury building,” but his suggestions—more government spending, creating a “universal basic income” dole—would probably worsen our plight.