Friday, March 05, 2010

Mrs. S writes 

For the past few months, I�ve been looking for a job. It�s a long, arduous process, and sometimes I wonder what it would take for someone to hire me. They would have to pay me a salary, Social Security, unemployment insurance and perhaps health coverage and retirement benefits.

Where do they get this money? Because I can make them more profitable, or at least support them in their efforts to become more profitable. And if I can�t do that, no employer would hire me unless they wanted to lose money.

I�m not alone. About 6.3 million Americans have been unemployed for more than six months, up from 2.7 million a year ago. There�s talk of another jobs stimulus bill. But if government creates jobs for me, it needs to pay those things. Where does it get the money to do this?
That's the start of her column today, which may have gotten more notice than the news report on last night's Economic Outlook. Good for her. I don't think it's just because she's married to an economist that she thinks her job prospects depend on potential employers making a profit.

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