It’s been some three-odd years since the Great Recession and the near total collapse of the global financial system. U.S. unemployment rates remain at historically high levels while job growth has been nowhere near the pace typical of an economic recovery. The abysmal U.S. labor market has economists saying that the political economy of the U.S., as well as the labor market, are out of sync with the times; fundamental, structural flaws are taking their toll.
The idea of building a “green economy”–one focuses on energy conservation and improving energy efficiency, along with developing renewable energy resources and “clean” technology– has been advocated as a business strategy as well as a framework for government job creation policies. Going down this path, advocates say, can yield significant benefits when it comes to a number of critically important issues, not the least of which is revitalizing job growth in the U.S.
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