U.S. youngsters are having a tougher time finding work than their counterparts in other wealthy, large economies. What's going on here? In the land of plenty, shouldn't young talent have a smorgasbord of job offerings to choose from?
If we want the economy to really rally, we need to do something about unemployment. It seems, at first, a semantic ploy, to call for the U.S. Federal Reserve to shift its approach from slashing the jobless rate to actually expanding employment. But there is a difference, and it's less subtle than you might think.