Comments for Uncertainty Does Not Explain Lack of Hiring at http://www.cepr.net , comment 1 to 6 out of 6 comments http://www.cepr.net Wed, 22 May 2013 04:48:32 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18733 [quote]...uncertainty is not preventing hiring, but rather a lack of demand. [/quote] Productivity has been creeping up. Postulating a lack of demand without source is expected of commentators (that would be me), but reflects poorly on authors: Yes, I'm looking at you Dean Baker. - commentator Sun, 09 Sep 2012 21:01:16 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18731 What specifically troubles corporate leaders? • There is great uncertainty over tax policy, which can affect both the cost of capital and return on invested capital! • There is uncertainty about future government spending and regulatory policies? • There is uncertainty who will win the presidential election and the implications that carries, since Romney and Obama are pushing two radically different domestic agendas. • There are questions whether the European financial crisis will get worse, or has turned the corner. • There is uncertainty about China and whether its economy will weaken more than previously thought, and the ramifications that has for the rest of Asia. • There is uncertainty about the path of oil prices should war erupt with Iran? [...] [b]Bottom line:[/b] So long as the economy is being held hostage to so many domestic uncertainties and geopolitical threats (the fiscal cliff, presidential elections, China, and the Middle East) it will be hard for employers to justify ramping up employment. Having said that, we do believe that after November 6, the decision making process on capital spending and hiring will improve, and with that the economy too. In fact, we have lifted our forecast for US growth in 2013 to 3.2% (from 2.7%), with the unemployment rate falling back to 7.2% by the end of next year. http://www.economicoutlookgroup.com/research-reports/2012/ETP9712.pdf - Bernard Baumohl Sun, 09 Sep 2012 14:48:32 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18725 I cannot find the Washington Post article mentioned here. The link is not working. - ltr Sun, 09 Sep 2012 06:46:47 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18721 In any other profession a person would be shut down or sued for malpractice for pushing something so obviously false. I can't be a much bigger moron than this guy, how do I get to be a chief global economist at the Economic Outlook Group? - dick c Sun, 09 Sep 2012 04:43:15 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18709 It's just Fox on 15th repeating Republican talking points. - John Q Sat, 08 Sep 2012 15:00:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/uncertainty-does-not-explain-lack-of-hiring#comment-18706 Exactly. Businesses are certain there is not sufficient sales (demand) to justify hiring more employees at the margin. Yet MSM has no problem seeking out austerians who interpret that certainty as uncertainty. - Last Mover Sat, 08 Sep 2012 03:18:17 +0100