In this episode of This American Life the Planet Money team look at how to make jobs in the USA. With a current unemployment rate of 8.7%* it has become a pressing political issue.
Some of the jargon in economic development circles in the USA today:
- Smoke stack chasing: establishing one large anchor industry
- Clusters: getting many companies in the same or closely related industries to setup business in one area.
- Creative cities: attracting young, smart, well educated and entrepreneurial people to move into your town/city
- Economic gardening: help local residents become entrepreneurs.
The program goes on to note that the USA is still the largest producer in the world even though China looks set to overtake it by 2012. They also noted that unemployment in the US today is actually relatively low amongst the well educated. It is those people without even a high school education that have a very high unemployment rate. They also noted need to have what is known as a "high school plus" education to get a decent - middle class - manufacturing job in a developed economy. 'High school plus' basically refers to having a high school education plus some sort of additional technical training.
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