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None of this creates new jobs. In fact, it destroys jobs (higher minimum wage, higher taxes). Do you have any thoughts on how to create jobs? There are lots

by tjic 10y ago

None of this creates new jobs. In fact, it destroys jobs (higher minimum wage, higher taxes). Do you have any thoughts on how to create jobs? There are lots of studies that show that welfare dependency is destructive to goodwill; it's not JUST about giving people dollars.

smallnamespace 10y ago
> it destroys jobs The bedrock of corporate profit is consumer demand. We're in a vicious cycle where people are unemployed/underemployed -> consumer demand is depressed (because they have no money) -> companies don't hire (because nobody will buy their goods) -> people are unemployed You have to break the cycle by first propping up consumer demand, and the most direct way to that is by giving consumers money to spend.
- mason240 10y ago
  That's exactly what President Hoover tried to prop up the economy after the 1929 stock market crash.
  - smallnamespace 10y ago
    And he would've succeeded if he was willing to blow up the deficit further. That actually happened with our entry into WW2, sharp increases in spending and hiring, and immediate end to the Great Depression (note that weapons, ships, planes and the like are about useful to a peacetime economy as digging holes in the ground--the key is you need to hire a lot of people to make them)
  - notfromhere 10y ago
    And exactly how the WW2 recovery happened. Government created demand for products, and deficit spent until the economy roared back. Subsequent gov't surpluses from increased tax revenue were then used to pay down deficit.
ianai 10y ago
Uh dropping the Hours for full time work. The DOL made the time and a half for work over 40 hrs per week to increase labor demand. Imagine a world where it's 6 hrs per day or 30 per week. More people would be employed. And since those hours are paid piece wise no ones hourly wage would decrease. That's how the labor force could increase.
- thaumasiotes 10y ago
  > The DOL made the time and a half for work over 40 hrs per week to increase labor demand. The only possible effect of this policy is to decrease demand for labor.
rabidrat 10y ago
Reducing the workweek by 20% will create jobs, for those jobs in which output is a result of hours worked.
hx87 10y ago
It's giving /some/ people money that is destructive to goodwill; giving /everyone/ money doesn't have the same downsides.

by tjic 10y ago

smallnamespace 10y ago

> it destroys jobs The bedrock of corporate profit is consumer demand. We're in a vicious cycle where people are unemployed/underemployed -> consumer demand is depressed (because they have no money) -> companies don't hire (because nobody will buy their goods) -> people are unemployed You have to break the cycle by first propping up consumer demand, and the most direct way to that is by giving consumers money to spend.

mason240 10y ago
That's exactly what President Hoover tried to prop up the economy after the 1929 stock market crash.
- smallnamespace 10y ago
  And he would've succeeded if he was willing to blow up the deficit further. That actually happened with our entry into WW2, sharp increases in spending and hiring, and immediate end to the Great Depression (note that weapons, ships, planes and the like are about useful to a peacetime economy as digging holes in the ground--the key is you need to hire a lot of people to make them)
- notfromhere 10y ago
  And exactly how the WW2 recovery happened. Government created demand for products, and deficit spent until the economy roared back. Subsequent gov't surpluses from increased tax revenue were then used to pay down deficit.

ianai 10y ago

Uh dropping the Hours for full time work. The DOL made the time and a half for work over 40 hrs per week to increase labor demand. Imagine a world where it's 6 hrs per day or 30 per week. More people would be employed. And since those hours are paid piece wise no ones hourly wage would decrease. That's how the labor force could increase.

thaumasiotes 10y ago
> The DOL made the time and a half for work over 40 hrs per week to increase labor demand. The only possible effect of this policy is to decrease demand for labor.

rabidrat 10y ago

Reducing the workweek by 20% will create jobs, for those jobs in which output is a result of hours worked.

hx87 10y ago

It's giving /some/ people money that is destructive to goodwill; giving /everyone/ money doesn't have the same downsides.