Jobs: Two Experts, One Big Divide
Treasury Secretary John W. Snow and Alan Blinder, an economic adviser to presumptive Democratic Presidential nominee John F. Kerry, come from different sides of the political spectrum. But when each analyzes the weak job market, their conclusions have a lot in common. Each is surprised that employment growth hasn't been stronger, given how fast the economy has grown. And both concur that faster productivity growth, not offshore outsourcing, is behind the lackluster performance (see BW, 3/22/04, "Where Are the Jobs?").
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