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What we want to create is wealth, not jobs. Ideally, what we want to create is opportunities for people to create wealth via their own labour. This is the good
by hugh3 15y ago
What we want to create is wealth, not jobs.
Ideally, what we want to create is opportunities for people to create wealth via their own labour. This is the good sort of "job creation".
The bad sort of "job creation" is where you create non-wealth-creating jobs. For instance, if the Government were to declare tomorrow that every truck driver needs a supervisor in the passenger seat to make sure he doesn't fall asleep, that would create a crapload of jobs but no wealth. Or, if you pass any new law you'll probably create a need for a bunch of new lawyers.