Published Nov 13, 2009
Sometimes it's good to be a journalism major. Seeing stories like Carl Bernstein and Bob Woodward's, which exposed the Watergate scandal, make me proud to one day be able to call myself a journalist. However, journalism frequently disappoints me, especially when it tries to talk economics.
Take a recent Associated Press article, "Productivity gains may be bad news for job seekers." The article claimed that companies were going to hire fewer people because productivity has been going up, so fewer employees are needed, and therefore unemployment would go up.