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Jobs or Snow Jobs? (Thomas Sowell)
Jewish World Review ^ | December 8, 2009 | Thomas Sowell

Posted on 12/07/2009 4:24:11 PM PST by jazusamo

President Obama keeps talking about the jobs his administration is "creating" but there are more people unemployed now than before he took office. How can there be more unemployment after so many jobs have been "created"?

Let's go back to square one. What does it take to create a job? It takes wealth to pay someone who is hired, not to mention additional wealth to buy the material that person will use.

But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether by taxation, selling bonds or imposing mandates.

However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy.

If that was all that was involved, it would be a simple verbal fraud, with no gain of jobs and no net loss. In reality, many other things that politicians do reduce the number of jobs.

Politicians who mandate various benefits that employers must provide for workers gain politically by seeming to give people something for nothing. But making workers more expensive means that fewer are likely to be hired.

During an economic recovery, employers can respond to an increased demand for their companies' products by hiring more workers — creating more jobs — or they can work their existing employees overtime. Since workers have to be paid time-and-a-half for overtime, it might seem as if it would always be cheaper to hire more workers. But that was before politicians began mandating more benefits per worker.

(Excerpt) Read more at jewishworldreview.com ...


TOPICS: Culture/Society; Editorial; Government
KEYWORDS: cluelessindc; employment; obama; sowell; thomassowell; tsbo

1 posted on 12/07/2009 4:24:11 PM PST by jazusamo
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To: abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
*PING*
Thomas Sowell

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Please FReepmail me if you would like to be added to, or removed from, the Thomas Sowell ping list…

2 posted on 12/07/2009 4:27:53 PM PST by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

How I would love to see an administration
that had thomas sowell in it.


3 posted on 12/07/2009 4:29:38 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: tet68

Amen to that...He wouldn’t play politics with them, probably why he hasn’t been there plus him not wanting any part of politicians.


4 posted on 12/07/2009 4:32:29 PM PST by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

A National Treasure that Blacks fail to recognize as their own. Shame on them.


5 posted on 12/07/2009 4:43:55 PM PST by A Strict Constructionist (How long before we are forced to refresh the Tree of Liberty? Sic semper tryannis)
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To: jazusamo

Dr. Sowell is just ‘wicked smaht’!


6 posted on 12/07/2009 4:52:55 PM PST by SuziQ
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To: SuziQ

Haha. One of my favorite movie scenes. And he is!


7 posted on 12/07/2009 6:02:53 PM PST by CollegeRepublican
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To: jazusamo

Thanks for the ping jaz.


8 posted on 12/07/2009 6:29:35 PM PST by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
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To: tet68
"How I would love to see an administration that had thomas sowell in it."

How I would love to see an administration that had Thomas Sowell at the TOP of it.

9 posted on 12/07/2009 8:30:38 PM PST by Young Werther ("Quae Cum Ita Sunt - Julius Caesar "Since these things are so!")
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To: jazusamo

I have had a lot of fun with Lib associates when I give them one of Thomas Sowell’s columns to read. They either start to think for themselves, or their heads explode! Dr. Sowell explains the truth in such a superb manner that no one can refute what he says.


10 posted on 12/07/2009 8:37:29 PM PST by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: jazusamo
thanks jaz...

Minimum wage laws appear to give low-income workers something for nothing — and appearances are what count in politics. Realities can be left to others, so long as appearances get votes.

the reality is that anybody making money above the minimum is essentially getting a pay CUT...

then adding to that the added cost for minumum wage produced goods is a double whammy...

but the pols already knew that...

11 posted on 12/08/2009 8:09:17 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: hiredhand; NFHale

pingy thingy...


12 posted on 12/08/2009 8:10:28 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Gilbo_3

Sowell is brilliant. Wish more folks would listen to him.


13 posted on 12/08/2009 8:34:13 AM PST by NFHale (The Second Amendment - By Any Means Necessary.)
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To: Gilbo_3

Well said...And every time it’s raised it means fewer young people are able to find part time work after school and summers. What was a standard thing when I was young is now nearly nonexistent.


14 posted on 12/08/2009 9:28:41 AM PST by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo; NFHale
seriously, try it out next time the CONgress starts talkin min wage...

simply ask anybody who makes more if they appreciate the paycut and the $.10 increase of their whopper jr...

it amazes me the 'lightbulb' looks it get from people who dont realize theyre gettin screwed...

15 posted on 12/08/2009 9:37:38 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: jazusamo

Hi, Jaz! Sorry I’ve been remiss these past few weeks on these posts...I gotta make hay while the sun shines, so I’ve been busy selling Christmas Trees, LOL!

Dr. Sowell? Marry me! I’m soooooooo in love with your big brain I can’t hardly stand it! :)


16 posted on 12/08/2009 6:41:44 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Diana in Wisconsin

Hiya, Diana! Don’t blame you at all. Sell Those Trees!

You must be really busy, hope you and yours have a great Christmas and New Year! :-)


17 posted on 12/08/2009 6:54:41 PM PST by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo
Yes, I am, but never too busy to wish a Friend a:

I'll have time to burn come Jan/Feb. But then, I think I'll go somewhere WARM for a few weeks to rest my protesting body, LOL!

18 posted on 12/08/2009 7:24:19 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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