Business: Can Everyone Get a Job?

The trouble college youths are having in finding jobs is only part of a much larger national problem: 7.6% of the U.S. workforce is unemployed—down from the recession peak of 8.9% but still worrisome. Is it possible to guarantee a job to everyone who wants one? For two full days last week, the cavernous Caucus Room of the Old Senate Office Building resounded with testimony from experts summoned by the Joint Economic Committee to answer that poser. TIME Economic Correspondent John Berry reports:

The chairman of the Joint Economic Committee wasted no time stating...