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Investing in Social Care Delivery

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  • Rania Antonopoulos
  • Kijong Kim
  • Thomas Masterson
  • Ajit Zacharias

Abstract

There is little mystery to explaining our current high levels of unemployment. The Bureau of Economic Analysis recently revised its figures on GDP growth, and revealed that not only was the recession worse than we realized, but recent growth rates have been overstated as well. The hole, in other words, was deeper than we thought, and we have been climbing out of it at a slower pace. Simply put, the economy has failed to recover to the point where it can be expected to generate sufficient job growth. In the event that Congress should turn its attention away from the (so far) purely notional dangers of rising debt levels and back toward the immediate and tangible jobs crisis, it might consider a solution that has been overlooked so far: job creation through social care investment.

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Bibliographic Info

Paper provided by Levy Economics Institute in its series Economics One-Pager Archive with number op_11.

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Date of creation: Aug 2011
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Handle: RePEc:lev:levyop:op_11

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Cited by:
  1. Greg Hannsgen & Dimitri B. Papadimitriou, 2012. "Fiscal Traps and Macro Policy after the Eurozone Crisis," Economics Public Policy Brief Archive ppb_127, Levy Economics Institute.

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