Social and Behavioral Sciences Commons^™

The Economic Downturn Is Accentuated By Labor Market Deficiencies Of U.S. Immigration Policies: A Mandate For Change, Vernon Briggs

Vernon M Briggs Jr

[Excerpt] The depth and length of the economic downturn has already led federal policymakers to implement fiscal policy remedies (i.e., government spending and tax cuts) of unprecedented proportions. These efforts have been intended to enlarge labor demand by stimulating aggregate spending in the lagging economy. Likewise, the Federal Reserve has pursued an expansionary monetary policy (i.e., increasing the money supply) that has driven interest rates to historically low levels and held them there longer than has ever before been imagined. Despite the massive scale of these policy initiatives, they have been of little avail. Throughout this troublesome period, however, the …