Monday, March 29, 2010

Keynesian Shovel-Ready Jobs

To elaborate on the recent emphasis on the use of billions as an anti- recession stimulus, or what I refer to as a slush fund for political purposes.

A pick and shovel job is meaningless to women and skilled workers who make up such a large part of the work force. This did not help in the 1930’s when women were a small part of the workforce. It certainly is of no use in today’s high-tech industrial society.

What is more, government jobs are an expensive crutch which also create poor psychology. This job program philosophy creates just the opposite employment atmosphere, if we must overcome fear and gloom to get over a recession or a depression.

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