Why Private Sector Profits Grow, but People Remain Unemployed | WBEZ
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Eight Forty-Eight

Why Private Sector Profits Grow, but People Remain Unemployed

If you ask a bank to show you the money they're more likely to give you a blank stare than make you a loan. They have it, but they're not lending. Meanwhile many companies are on the fiscal rebound. But – they aren't hiring. If business is up, why is the U.S. job market on a downward slope? Here to discuss how those business profits are being used if they're not lining the pockets of new employees is Robert J. Gordon, a Professor of Social Studies at Northwestern University.

Professor Gordon's Study:
The Demise of Okun's Law and of Procyclical Fluctuations in Conventional and Unconventional Measures of Productivity 

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