Can Government Create Jobs?

by Young Back Choi

Modern politicians of all strips promise to create jobs; in this time of economic downturn, the promises of job-creation are with growing urgency. But can government create jobs?

If by jobs one means any scheme by which people are paid money wages, the answer is, of course, “yes”. But there are real jobs that create value and there are phony jobs that destroy value. Government-created jobs are largely value-destroying phony jobs. Continue reading