Honestly, the discrimination line is out of place here and there is no evidence to support it.
The EEOC does an excellent job of handling claims and issuing judgments. Most major firms (and we are talking about the big boys here) are not in violation of this.
But as I said this is really a tangent to the bigger issues.
The question remains: what can be done?
More regulation? That will scare firms even more than they already are into NOT hiring.
There is no more monetary adjustments that the Fed can enact. All they can do at this point is keep things as they are until we come out of this liquidity trap.
The fiscal policy of stimulus isn't working. And most economists who support this model of correction contend that the stimulus would have to be massive to truly move us toward higher employment. And when they say massive, they mean something along the lines of 10 times what govt has already pumped into the economy. That's not going to happen, and if it did can you imagine the deficit?
The only thing I do know is that there is no current model or economic theory that predicted this and economists are facing a situation where so many variables are interacting that it's impossible to know what's actually causing what.
So I don't politicize this. It's not a democrat/republican issue. Both sides are right and yet neither side has a workable solution.
The occupiers are fed up and stressed out. I support their initiative, but they have no proposals that consider the consequences of their demands on a macro level. And this is obviously a macro problem.
It's a bad bad situation.
But if it's any consolation Europe is far worse off than we are.
....but the world goes 'round