By John Tamny of Forbest
While there are varying views as to what tomorrow’s unemployment report will reveal, it’s generally assumed that the number will be too high. But what’s not spoken of enough is how the very federal government seen as so eager to put people back to work is blocking the kind of recovery that would make more hiring possible.
To put it very simply, hiring is a cost born by investors and employers. And the problem with the latter in mind is that continued governmental efforts to drive non-market outcomes are reducing the amount of available capital for hires, all the while raising the cost of luring workers from the sidelines.
Housing Supports, Jobless Benefits and Unemployment
