Job loss: Bridging the research and policy discussion
Although the economy is finally adding net new jobs
beyond what is necessary to keep pace with the growth
of the working age population, this current economic
recovery is unprecedented in terms of its anemic job
growth. There are a variety of culprits cited for this
sluggish job creation—“offshoring” (moving jobs
overseas), productivity growth, geopolitical insecurity,
digestion of investments in information and communication
technology, rising oil prices, and falling
labor supply.