With Obama’s dismal record on jobs, there’s a lot of debate about how to improve the employment situation.
I take the pro-market position in this special report on Fox News.
The discussion focuses on the following questions.
- Does government spending create jobs? This is the discredited Keynesian notion that you become richer by switching money from your right pocket to left pocket, and I explain that this approach has never worked.
- What does create jobs? I explain we need to shrink the burden of government and I cite my favorite Golden Rule about the importance of making sure the productive sector of the economy grows faster than the public sector.
- Should there be more government workers? Anyone who has seen this video knows my answer to that question.
- Is it a good idea to raise taxes on the rich? I argue that penalizing success doesn’t make sense, so class warfare tax policy should be rejected.
- Would it help to impose higher taxes on corporations? Since the United States already penalizes companies with the world’s highest corporate tax rate, that question answers itself.
- Should the United States copy Europe? My answer shouldn’t be a surprise. I say that Europe is a giant warning signal about the dangers of excessive government.
In other words, there is no secret to job creation. Just get government out of the way.
International Liberty 
[…] Job creation and wage levels can be adversely affected when politicians impose laws and regulations that sound nice, but have the unintended consequence of increasing the cost of employing people. […]
[…] interview, I get rather frustrated by the minimum wage debate. I’m baffled that some people don’t realize that jobs won’t be created unless it’s profitable to create […]
[…] interview, I get rather frustrated by the minimum wage debate. I’m baffled that some people don’t realize that jobs won’t be created unless it’s profitable to create […]
[…] don’t see the “unseen” and they don’t understand “creative […]
[…] this interview, I get rather frustrated by the minimum wage debate. I’m baffled that some people don’t realize that jobs won’t be created unless it’s profitable to create […]
[…] interview, I get rather frustrated by the minimum wage debate. I’m baffled that some people don’t realize that jobs won’t be created unless it’s profitable to create […]
[…] want to be seen as “doing something,” but the best way to create jobs is to get government to stop trying to help. Free markets and small government are far more likely to produce the conditions that lead to more […]
[…] want to be seen as “doing something,” but the best way to create jobs is to get government to stop trying to help. Free markets and small government are far more likely to produce the conditions that lead to more […]
[…] What’s the Secret Recipe for Job Creation? […]
[…] What’s the Secret Recipe for Job Creation? […]
[…] Dan Mitchell gives us the secret recipe for job creation: “Just get government out of the way.” […]
In the US, every time that we have cut government spenidng and taxation, job creation has boomed and employment has risen drastically. I am coming to be of the opinion that this is not the goal of the government, depsite their protestations to the contrary.
[…] What’s the Secret Recipe for Job Creation? […]
[…] What’s the Secret Recipe for Job Creation? […]
What’s the Secret Recipe for Job Creation?
Answer: Nothing — because there’s no such thing as so-called “job creation”. Jobs are not created. They simply come into existence (if allowed).
We’re constantly bombarded by talk about this strange thing called “job creation”, and I just cringe every time I hear about how someone is “creating jobs”. Why — because the intended meaning of this modern day bromidic term of contemporary doublespeak is pure bunk. More concisely, the term is an Orwellian misnomer.
Rational individuals clearly understand that government can’t create jobs in the private sector…and that goes for businesses too! What? Yes, you heard that right, private enterprise doesn’t “create jobs” either. Jobs will simply come into existence as a result of their demand in the marketplace, driven by the consumer — who is the real driving force behind the “creation of jobs”.
A false portrayal painted by the MSM is that businesses’ main concern should be some societal obligation & responsibility to hire employees, the more the better, for the good of all — a patently ridiculous concept. Businessmen who hire people are simply performing the very last step in the “job creation” process. They never hire anyone based on some benevolent ideal that it’s their fiduciary duty to do so. But, incredibly, some businesses unknowingly mislead the public by giving lip service to this silly notion by saying things like, “Look, I have a business, I’m a job creator”. Ridiculous! Like most human endeavors, employers hire people for one prominent reason — they benefit from it.
So please, let’s stop debating using the phony and mind-numbing terms “created” by the statists and their MSM minions.
There’s no shortage of jobs, and there never has been. Why? Because most people would prefer to delegate needed tasks and not to have the work of doing it themselves.
The problem is usually a shortage of money to pay someone to do it for you, or a shortage of people willing to do it for you. The first is exacerbated by onerous taxation, the second by government induced expectations or regulations.
This suggests that government is the problem, not the solution! The smaller the government, the less it does and the more free the people. Laissez-nous faire! (loosely translated as: just leave us alone and let us get on with it!)
The more you overcome your self sabotage, the more freedom you have in your life. See http://www.lifestrategies.net/self-sabotage