Jobs

NYT Excerpt: How Would Romney Manage Our Jobs Crisis?

In his New York Times Magazine column this week, Adam Davidson poses the question: Do good CEOs make good presidents? Here's an excerpt.

With only a few weeks remaining until the election, it's still not clear how Mitt Romney would manage our jobs crisis. There aren't many lessons from his term as the governor of Massachusetts — the economy was comparatively healthy back then, and the unemployment rate was fairly low. His current economic platform lays out broad principles (Principle No. 1: Don't be Barack Obama) but is light on specifics. All that's certain is that Romney has promised to use decades of business savvy to create jobs, which raises the question: how do you apply business strategy to a jobs crisis? No business views hiring as an objective. When a crisis hits, the response of many executives is to let workers go.

When I put this question to business analysts, several pointed me in the direction of Louisiana, which has applied a number of Romney's principles. Its governor, Bobby Jindal, is a former McKinsey & Company consultant who has focused on making his state more attractive to businesses. ...

Read the full column here.

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