Stimulating Equality
With unemployment climbing in the United States and other OECD countries, job creation is a key objective for policymakers. But, as they implement stimulus packages in the months ahead, they should recognize that the question of who benefits goes beyond the number of jobs created.
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NEW YORK – With unemployment climbing in the United States and other OECD countries, job creation is a key objective for policymakers. In the US, President Barack Obama recently proposed to increase public spending by about $600 billion over the next two years to create an additional four million jobs. But Obama is also concerned with reversing a sharp rise in income inequality (which is now at an 80-year high). Is it possible for leaders to do both at the same time?