Saturday, May 9, 2015

Government Job Creation is Often Stymied

                                          
Government statistics often reflect fantasy jobs: Make work. Whether at a government office or at a construction site. Hand out a pick and shovel, if that’s what it takes.

Or place folks on unemployment insurance. Some say that resultant demand for goods and services will produce jobs.
                       
Good old Keynesian theory that does not work in practice and never does for long, if it ever does temporarily.
                       
Getting down to reality, many politicians have no concept of creating jobs, that of using the psychology of entrepreneurial spirit. That is why they will tax small business in the depths of a severe downturn. That’s why tax exemptions, not their tax cuts, are only short-term.

Or why politicians raise minimum wages for small business during economic recessions. And their use of such dampening forces to see that jobs are not created.
                       
Basically, the Left does not like business. They look at profits as criminal, to be taxed away for redistribution back to the community by wise governmental bureaucrats. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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