Reducing unemployment and increasing the wages of low and moderate income earners have become the overriding economic goals of top Canadian and U.S. policy makers, guiding objectives that will shape many of the big decisions being made in Ottawa and Washington in the months ahead. The U.S. and Canada's recent willingness to run historically large deficits in order to create good-paying jobs, marks a sea change in policy circles and more broadly in economic thinking. Most advanced Western democracies shifted away from an economic policy...