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Affluent Christian Investor | October 21, 2017

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Jobs: The Problem Isn’t Weather, It’s Climate

Photo by Emmanuel Dunand/Getty Images

Photo by Emmanuel Dunand/Getty Images

Last week was beautiful. We went hiking, biking, mowing, planting and weeding. But the labor market still seemed to remain frozen. After months of every weak and lackluster piece of data being blamed on bad weather (the big freeze and all that) by both the perma-bulls and the ‘Bama cheerleaders, how are they going to explain the frozen job market after such a decisive Spring thaw?

Time to be honest with ourselves. This week’s increase on new jobless claims of 24,000 claimants cannot be blown away by a snow storm. As the warmists like to say: The problem isn’t weather, it’s climate. We have a policy and cultural climate inhospitable to job creation.

Want to thaw things? Stabilize the dollar. Currency volatility saps business confidence and diverts vast resources away from high-impact capital investment and into inflation hedges. Scrap Obamacare; if a group of geniuses had conspired to create a program designed to discourage hiring, it would look a lot like the Affordable Care Act, and the fact that no-geniuses designed it to do us all good does nothing to put my mind at ease. Tie welfare to work requirements: Some game the system, some are genuinely needy. The former steal from the latter and from the rest of us. Oh, and stop all this sabre-rattling about moving the minimum wage restrictions up towards the average wage.

In short, de-Europeanize the US economy and you will de-Europeanize the US labor market.


Article originally published on

Jerry Bowyer is a Forbes contributor, contributing editor of, and Senior Fellow in Business Economics at The Center for Cultural Leadership.

Jerry has compiled an impressive record as a leading thinker in finance and economics. He worked as an auditor and a tax consultant with Arthur Anderson, as Vice President of the Beechwood Company which is the family office associated with Federated Investors, and has consulted in various privatization efforts for Allegheny County, Pennsylvania. He founded the influential economic think tank, the Allegheny Institute, and has lectured extensively at universities, businesses and civic groups.

Jerry has been a member of three investment committees, among which is Benchmark Financial, Pittsburgh’s largest financial services firm. Jerry had been a regular commentator on Fox Business News and Fox News. He was formerly a CNBC Contributor, has guest-hosted “The Kudlow Report”, and has written for, National Review Online, and The Wall Street Journal, as well as many other publications. He is the author of The Bush Boom and more recently The Free Market Capitalist’s Survival Guide, published by HarperCollins. Jerry is the President of Bowyer Research.

Jerry consulted extensively with the Bush White House on matters pertaining to the recent economic crisis. He has been quoted in the New York Times, The Wall Street Journal, Forbes Magazine, The International Herald Tribune and various local newspapers. He has been a contributing editor of National Review Online, The New York Sun and Townhall Magazine. Jerry has hosted daily radio and TV programs and was one of the founding members of WQED’s On-Q Friday Roundtable. He has guest-hosted the Bill Bennett radio program as well as radio programs in Chicago, Dallas and Los Angeles.

Jerry is the former host of WorldView, a nationally syndicated Sunday-morning political talk show created on the model of Meet The Press. On WorldView, Jerry interviewed distinguished guests including the Vice President, Treasury Secretary, HUD Secretary, former Secretary of Sate Condoleezza Rice, former Presidential Advisor Carl Rove, former Attorney General Edwin Meese and publisher Steve Forbes.

Jerry has taught social ethics at Ottawa Theological Hall, public policy at Saint Vincent’s College, and guest lectured at Carnegie Mellon’s graduate Heinz School of Public Policy. In 1997 Jerry gave the commencement address at his alma mater, Robert Morris University. He was the youngest speaker in the history of the school, and the school received more requests for transcripts of Jerry’s speech than at any other time in its 120-year history.

Jerry lives in Pennsylvania with his wife, Susan, and the youngest five of their seven children.


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