Jobs Versus Net Jobs (Thomas Sowell)

Creators Syndicate ^ | July 10, 2012 | Thomas Sowell

[Flotsam_Jetsome]

Thanks for the Ping.

"What has been the net effect? During this administration, the proportion of the working age population that has a job has fallen to the lowest level in decades."

That's what I was thinking as I listened to "Obama" spinning "jobs created" numbers in Ohio recently.

[prairiebreeze]

marker

[Paladin2]

"...the cost of creating a job in the private sector."

Ideally/Theoretically, shouldn't that cost be negative?

[Gene Eric]

>> The bottom line is that, while 5,000 jobs were saved in the American steel industry, 26,000 jobs were lost in American industries that produced products made of steel. On net balance, the country lost jobs by restricting the importation of steel.

True, but such job and economic loss is generally a consequence of manipulating competition regardless of how the results are achieved.

I’m not deeply in favor of imports, but neither do I care for the entitlement nature of big labor threatened by World competition.