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Showing posts from November 2, 2013

Who really creates jobs anyway?

"AN APOCRYPHAL tale is told about Henry Ford II showing Walter Reuther, the veteran leader of the United Automobile Workers, around a newly automated car plant. 'Walter, how are you going to get those robots to pay your union dues,' gibed the boss of Ford Motor Company. Without skipping a beat, Reuther replied, 'Henry, how are you going to get them to buy your cars?'"
Source: Difference Engine: Luddite legacy, The Economist Newspaper Limited, Nov 4, 2011, © The Economist Newspaper Limited, London 2011
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Who really creates new jobs? This is an especially important question given the nature of the changes current in the national and world economy brought about by globalization, he replacement of workers with intelligent machines, and the job-destroying effects of the economy over the past few years.
Government? Government affects job creation by direct hiring and or layoffs.Since 2008, government units from largest to smallest have been shedding jobs.Any …