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Recovery with no jobs puzzles economists
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Contributor | Servo |
Last Edited | Servo Jan 07, 2004 11:54pm |
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Category | Interview |
News Date | Wednesday, January 7, 2004 06:00:00 AM UTC0:0 |
Description | The global economy is on many people's minds these days as job growth languishes, headlines announce layoffs, jobs shift overseas and governments hammer out free-trade agreements that further open the world to globalization.
Joseph Stiglitz, who won the Nobel Prize in economics in 2001, has criticized much of the thinking about the boom period of the 1990s. He saw it up close as head of President Clinton's Council of Economic Advisers during much of that roaring decade. During Stiglitz's recent visit to Seattle, we asked him whether the economic changes of the 1990s threaten U.S. workers in decades ahead. Here's an edited transcript.
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