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 ...
How I would love to see an administration
that had thomas sowell in it.
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.
A National Treasure that Blacks fail to recognize as their own. Shame on them.
Dr. Sowell is just ‘wicked smaht’!
Haha. One of my favorite movie scenes. And he is!
Thanks for the ping jaz.
How I would love to see an administration that had Thomas Sowell at the TOP of it.
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.
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...
pingy thingy...
Sowell is brilliant. Wish more folks would listen to him.
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.
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...
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! :)
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! :-)
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!
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