Why Is the American Economy Not Creating Jobs?

Comments

[Ken Hill]

Walter Williams on the subject.

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=583230&p=1

[Ken Hill]

To add to this, uncertainty means that more workers will be hired only as temporary or part-time. Easier for the employer to shift emphasis and priorities if the need arises. Some have the idea that employers hire people because those people need jobs. Employers hire people because they have work that needs to be done- with the expectation that the end will be profitable for both.
Did you ever call a plumber simply because you sensed that he needed the work?

[Joe Guarino]

Precisely, Ken. And the expectation of profit is key to understanding the motivation of employers in hiring workers. No expectation of profit, no hiring.

[bubba]

But...but...but...but...but the EXPERTS over at Cone's have insisted it's lack of demand for products and services that's causing the employment slowdown.

And...and...and...and...and...and the solution is clearly MORE government spending on infrastructure!

But...but...but...but....but just ignore the facts that infrastructure spending by itself doesn't create "demand", and make-work government programs only provide temporary employment, unless the ultimate aim is to perpetuate yet another government boondogle program that interferes with public sector growth.

[Joe Guarino]

I know, Bubba. Let's hope we have the opportunity to turn this around in about 18 months.

[Ken Hill]

Essentially, for the government to provide steady employment, the same bridge would have to be built and rebuilt continuously.
Those who made denim pants depended on the customer wearing them out and buying more.