Addressing the Looming U.S. Job Challenge

According to a new landmark study by the McKinsey Global Institute, "At current rates, it will take until 2016 to replace the 7 million jobs lost during the 2008-2009 recession." To find "work for the unemployed and accommodate the 15 million Americans expected to enter the labor force this decade, the U.S. economy must create 21 million new jobs by 2020." Looking at these facts, it's easy to conclude that the United States is doomed to suffer European-style underemployment throughout the coming decade. But is that really the case? To answer this question, we'll explor.....