Monday, January 06, 2014

Marketplace, December 20, 2013, Friday


December 20, 2013, Friday

Marketplace (full article)

The stock market is not the economy! OK, what about GDP?

“The economy as it’s experienced by people has not improved nearly as much as some of these GDP statistics suggest,” says American Enterprise Institute labor economist Michael Strain (ILR Alumnus).

“We still have a significant portion that is long-term unemployed,” says Linda Barrington, executive director of Linda Barrington is executive director of the Institute for Compensation Studies at Cornell University’s Industrial and Labor Relations School. “The biggest challenge we’re gonna be facing is how do we bring those who really were pushed out of the market for a long time back in as we recover.”