Brian Gongol
The trouble with unemployment dropping too low
It may sound like a foreign problem elsewhere, but in the Midwest, there's an unemployment problem -- that the rate of unemployment may be too low. The lack of available workers could be stifling growth at companies that are ready to expand. There's also a serious problem with a labor mismatch -- the open jobs out there require skills that the potential employees don't have. This is why it's so important to have a system for building the job skills of the unemployed -- otherwise, they just stay unemployed. Others have observed -- and they're probably right -- that the solutions aren't likely to be found in big, aggregate macroeconomic measures. There are too many economic problems that people try to address with esoteric "solutions" like stimulus packages and incentive deals. Specific problems often require specific solutions.
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