Excellent op-ed in yesterday’s WaPo (sorry, got busy with all the SOTU coverage) by the above title by Deputy Treasury Secretary Bob Kimmitt. Working from data from the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), he points out the impressive — and positive — nature of the job churn here in the us. Among his points:
Kimmitt makes the case for education (echoing the President’s theme last night) and for portability of benefits, so as not to get in the way of this positive “churn.’ Fact is, in any vibrant economy, jobs are lost and created. The idea is to net out to a positive number, which we have consistently done here on the US. Amidst all the scare about globalization, these are some welcome and much-needed facts from Kimmitt.
Latest posts by NAM (see all)
- Manufacturers Win Several Website Design Awards - June 15, 2011
- China Makes Commitments on Trade, Intellectual Property - December 16, 2010
- ITC Details Widespread Theft of Intellectual Property in China - December 14, 2010