I cannot get the following script to work. The 'focus' function works, but the 'blur' function does not. I tried to run it with JsFiddle but to no avail.

Here is the script

function initiateFieldLabels(){
	$("input.default").live({
  		focus: function() {
			var value =$(this).val();
			if(!$('#'+$(this).attr('id')+'-default').length){
				$(this).after('<input type=\\"hidden\\" id=\\"'+$(this).attr('id')+'-default\\" value=\\"'+value+'\\" />');	
			}
			$(this).val('');
			$(this).removeClass('default')
  		},
 		blur: function() {
			alert('hello');
			var value = $('#'+$(this).attr('id')+'-default').val();
			$(this).val(value);
			$(this).addClass('default');
  		}
	});
}