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Job growth rate: Disappointing?

EconoMeter panel evaluates the relatively slow job growth

Roger Showley, U-T SAN DIEGO

Friday, August 8, 2014

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Kelly Cunningham, National University System
Answer: YES

Job growth has not only been slow to recoup recessionary losses, but the quality of the jobs added is questionable. Many new jobs are lower-paid and only part-time or temporary. This is the result of policies designed to redistribute wealth, add taxes, and impose greater regulations nationally, statewide and locally. Extracting money from the private sector and directing it through government dictate lessens business dynamism and quality job growth. Less government interference – and not, for example, higher minimum wage hikes and massive fees imposed on new development – would be significant factors to encourage better value business and greater job creation.