Rob Roy
Well-Known Member
If you read the financial news or listen to anyone talk about the state of the economy, you almost certainly have heard about the virtues of “job creation”. Politicians are always talking about how many jobs this or that program they’ve spearheaded has created. The Bureau of Labor Statistics will release data saying that the economy added several hundred thousand jobs in the past month.
The way the term “job” is bandied around these days creates the impression that a job is a product, like a car or a computer. There is a perception that by pushing the right levers and dials, government policy can “create jobs” – the same way that a car company can produce a car. This ridiculous and false perception is responsible for numerous popular economic fallacies. (the foregoing was excerpted from an article posted at Strike the Root on 3/23/15)
Discuss, etc.
The way the term “job” is bandied around these days creates the impression that a job is a product, like a car or a computer. There is a perception that by pushing the right levers and dials, government policy can “create jobs” – the same way that a car company can produce a car. This ridiculous and false perception is responsible for numerous popular economic fallacies. (the foregoing was excerpted from an article posted at Strike the Root on 3/23/15)
Discuss, etc.