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The Plunge in July New Home Sales Was Not Due to the Expiration of the Tax CreditDean Baker / August 26, 2010
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NYT Ends Separation of News and Editorial Section in Attack on Social SecurityDean Baker / August 25, 2010
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Surprised Economists Not Good for the EconomyDean Baker / August 25, 2010
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House Republican Leader John Boehner Misses Investment BoomDean Baker / August 25, 2010
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Economists With a Clue Were Not Surprised by the July Plunge in Home SalesDean Baker / August 25, 2010
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Latin America and the Caribbean
¿Desea Washington relaciones diplomáticas normalizadas con Venezuela?Mark Weisbrot / August 24, 2010
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Demand for Imports From China Isn't Affected by Their Price: It's Silly Season at the NYTDean Baker / August 24, 2010
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Social Security: The Republicans Are RightDean Baker / August 23, 2010
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What the US Government Can do to Stop Forced Evictions of IDPsCEPR / August 23, 2010
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Fannie and Freddie Live Public or DieDean Baker / August 23, 2010
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The NYT Discovers That Excessive Population Growth Can Be a ProblemDean Baker / August 22, 2010
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The Washington Post Reports Businesses Tell Them That Stimulus Will Boost Hiring, but Doesn't Realize ItDean Baker / August 21, 2010
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Reducing Unemployment with Work-SharingWith today's news that jobless claims are up, Dean Baker points out that "employers are already hiring more than 4 million workers a month. The problem is that roughly 4 million workers a month are also leaving their jobs, half voluntarily and half involuntarily."
So while it's important to reduce jobless claims, the unemployment rate would also be lowered by working on the other side of the jobs equation -- by preventing some of the 2 million layoffs that happening every month.
This is where the idea of work-sharing comes in. As the NY Times noted in a recent article on Germany's quick rebound from the recession,"A vast expansion of a program paying to keep workers employed, rather than dealing with them once they lost their jobs, was the most direct step taken in the heat of the crisis,"
CEPR and / August 20, 2010
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When Wall Street Rules, We Get Wall Street RulesDean Baker / August 20, 2010