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I think increased employment would have a negative effect on the road to that more perfect world by masking the underlying issues. Pursuing increased employmen
by Jochim 6y ago
I think increased employment would have a negative effect on the road to that more perfect world by masking the underlying issues.
Pursuing increased employment as the goal distracts from the real changes that have to be made in order to facilitate those social safety nets, since these inevitably require raising taxes in order to fund them.
The efficacy of job creation through tax cuts is also a matter of debate. This article[1] (which appears fairly well sourced) seems to imply that the expansion of unemployment benefits is at least as effective as cutting corporate taxes and potentially more so when taxes are already low.
[1] https://www.thebalance.com/do-tax-cuts-create-jobs-3306325 https://www.thebalance.com/do-tax-cuts-create-jobs-3306325