Pharos-Tribune

Opinion

September 3, 2013

MARCUS: The job deficit and political noise

(Continued)

Lesser deficits are to be found in the Fort Wayne and Terre Haute metro areas (5 percent each) as well as in Bloomington, Gary and Muncie areas (4 percent each). While these latter figures are numerically small, they remain blotches on the shining face each mayor would have for his or her community.

Job growth is not really a local matter. In each community, businesses depend on the economic vitality of the region and the general health of the national economy. Other than that, economic development as practiced by localities and states is a form of beggar-thy-neighbor.

Draw jobs from others by competing to have either the best of services or the lowest taxes. Make claims about the quality of your labor force while existing employers complain about the deficiencies of that same body of workers. These are the tactics of job creation our leaders know best and employ the most.

Morton J. Marcus is an economist, writer and speaker formerly with the Kelley School of Business at Indiana University. He can be reached at mortonjmarcus@yahoo.com.

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