More on the Benefits of Full Employment…

March 3rd, 2014 at 11:53 am

This time, on a particularly hot topic: reversing hysteresis!  Over at the NYT Economix blog.

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One comment in reply to "More on the Benefits of Full Employment…"

  1. Kevin Rica says:


    Thank you for making the case for stricter immigration laws (or just enforcing the ones we have now).

    You can’t have tight labor markets (particularly at the unskilled end) if you have open borders and high immigration DESIGNED TO PREVENT LABOR SHORTAGES. However, tight labor markets to attract immigrants. So the only way one can have tight labor markets is to have restrictive immigration policies and enforcement.