Job Creation Follow Up
For those interested in more information on job creation in the Employment Dynamics data
base these three article provide very good information.
Cordelia Okolie, “Why Size Class Methodology Matters in Analyses of Net and Gross Job Flows.” July 2004 Monthly Labor Review
Jessica Helfand, Akbar Sadeghi and David Talan, “Employment Dynamics: Small and Large Firms Over the Business Cycle.” March 2007 Monthly Labor Review
Tim Kane, The Importance of Startups in Job Creation and Job Destruction (PDF from the Kauffman Foundation Research Series, July, 2010)
All three are pdf files and for the second article the link takes you to the Monthly Labor Review where you can directly access the article.
The subject is more complex than generally thought as different methodologies can create significantly different results.
spencer:
Read the Kaufman report. Interesting . . .
The discussion in the US about unemployment is so academic. There are the things you can say (all the things that are being said) and the things you can’t say, like the proximate cause of the employment problems are a direct result of our trade policy, both international and domestic.
How much of an economic rocket scientist (ERS) does it take to ignore, what seems obvious to me, that we have allowed the agricultural export lobby and the merchants to ship too many jobs overseas. I’m all for agricultural exports, except that every unit of production is subsidized by the American taxpayer. So we lose money when we produce them for the domestic market and we double lose when we negotiate away manufacturing and basic industrial production for the right to export subsidized agricultural (not to mention finace) products. Hardly fwee twade stuff.
What a deal. We trade slave level wage agrarian and sales jobs, with a multiplier of < 1, for high paying manufacturing and basic industrial jobs, with a multiplier of 3.2. Such a deal. Oh my God, Taft Hartley tarrifs. Remember what happened during the depression. Uh, yeah, except during the depression we were the exporters not the importers. Hopefully, all the ECS will get their government jobs and stop throwing the Middle Class to the wolves.