Want to add jobs? Subsidize employers - Fed paper
David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is quoted by Reuters March 19, 2012
Subsidizing hiring would be the most effective way to boost jobs in the current economy, because subsidizing workers would do little more than increase the number of job seekers, according to research published on Monday by the Federal Reserve Bank of San Francisco. While in a "normal" economy, employee subsidies have been found to be more effective, "in the aftermath of the Great Recession, hiring credits are a more appropriate job creation policy," wrote David Neumark, a University of California, Irvine professor.
For the full story, please visit http://www.reuters.com/article/2012/03/19/usa-fed-jobs-idUSL2E8EGEQK2012....