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  • military men went to china on the floor chinese delegation is shown in the new

  • canal building project

  • freemen ask the delegation ought to ask you why do you have mended in this canal

  • using troubles how come you're not using earth movers are bulldozers any member

  • of the chinese delegation responded of twelfth we would use the big scenes we

  • wouldn't be able to create as many jobs intrinsic awaits a jobs creation program

  • i thought you wanted to build the canal if it's jobs you want to take away their

  • shovels engines

  • job creation is that a lot of people slipped especially politicians i would

  • argue that creating new jobs is easy

  • hits the creation of wealth that's hard

  • for example we could destroy all farmers sheet that would create millions of new

  • farm jobs overnight but i don't think anyone think that's the real solutions

  • to our front the flight data economic progress comes not so much what we

  • create jobs that using who would destroy jobs that we no longer

  • a hundred years ago over forty percent of the population was involved in and

  • cultural jobs once were

  • today that's under two percent that agricultural output has grown thanks to

  • mechanization and the invention of all kinds of pharmacy

  • i happen to those old agricultural jobs

  • as mechanization is made farm products cheaper people had to spend lots of

  • their money and food and are able to spend their money up other kinds of

  • things the story isn't progress has been our ability to eliminate viacom icing on

  • the sketches resource involved

  • in order to make the things that uh... of course new innovations don't happen

  • on what's gonna happen gradually over time all technological innovation means

  • that workers have to learn new skills and some are likely to be unemployed for

  • some period of time

  • and while that unemployment is bad the alternatives our work

  • these labor transitions are the price we pay for economic progress to prevent

  • them would be the whole growth innovation and reduction um... job

  • destruction also sing with him

  • but we need options

  • new jobs income often have replaced the old jobs that were once again

  • of course the twentieth century we've gone from the nation's farm jobs from

  • industrial jobs service jobs

  • and market signals can indicate the people what sorts of skills they should

  • be investing in and where the new jobs in the future governments do not have

  • the same

  • in fact

  • many government jobs programs are really about meeting the needs of politicians

  • not the needs of consumers marketplace governments are going to creating work

  • but they're not good extreme value generating joke

  • it is valuable jobs you want need people like bill gates received doctors who

  • know how to create value and generate meaningful job

  • the best job creation program history

  • is the free market and the entrepreneurship the gym

military men went to china on the floor chinese delegation is shown in the new

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B1 delegation canal creation farm progress agricultural

Does Government Create Jobs?

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    VoiceTube posted on 2016/09/30
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