A Great Point

December 8, 2009

Thomas Sowell makes a great point in his column today, Jobs or Snow Jobs.

President Obama keeps talking about the jobs his administration is “creating” but there are more people unemployed now than before he took office. How can there be more unemployment after so many jobs have been “created”?

I suggest reading the whole column.  Here’s another nugget:

Minimum wage laws appear to give low-income workers something for nothing– and appearances are what count in politics. Realities can be left to others, so long as appearances get votes.

People with low skills or little experience usually get paid low wages. Passing a minimum wage law does not make them any more valuable. At a higher wage, it can just make them expendable. Raising the minimum wage in the midst of a recession was guaranteed to increase unemployment among the young– and it has.

Constant government experiments with new bright ideas is another common feature of Obama’s “change” and FDR’s New Deal. The uncertainty that this unpredictable experimentation generates makes employers reluctant to hire. Destroying some jobs while creating other jobs does not get you very far, except politically. But politically is what matters to politicians, even if their policies needlessly prolong a recession or depression.

Maybe we need to elect leaders that have the backbone to tell us the truth and inspire us to solve our own problems – rather than politicians that promise a free lunch and sweet nothings in exchange for your vote.

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