T
he Gulf oil spill looks like it might
be capped. U.S. financial
regulation is underway, plugging holes of another kind, which won't
allow sub-prime mortgage lending to gush through. A new consumer
financial protection agency is being formed. Health reform is
providing incentives for prevention,
the ultimate cost-cutting measure that can also make us healthier.
Technology companies march along an innovation path that can improve
devices that improve our lives, while showing strong profits.
All should be right with the U.S. economy. But it's not. The things that touch people's lives most directly — good jobs with good wages and growth prospects — remain out of reach for many. Consumer confidence is down. Even the affluent are cutting back on purchases, reports say. Stimulus money is running out. Though useful, the pothole-fixing strategy has its limits. Census workers will be back to the ranks of the unemployed. Talented executives who have given up on job searches still call themselves consultants and work occasionally for a fraction of their previous salaries.
To read the full, original article click on this link: A Call for Innovation in Job Creation - Bloomberg
Author:
