Dr. Mark W. Hendrickson Archives


The “Not Enough Jobs” Scenario: An Economic Fallacy (But Possibly an Accurate Forecast)

Posted on August 13, 2015 by Dr. Mark W. Hendrickson Comments (19)

Once again, a scholar with impressive credentials is broadcasting the gloomy notion that Americans face a job-poor future. The insufficient-jobs scenario appeared in George Mason University economist Tyler Cowen’s book “Average Is Over” a couple of years ago. It resurfaced again recently in the Pittsburgh Tribune-Review. Vivek Wadhwa, “a fellow … director of research … […]

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