You say jobs, I say rhetoric

  • Article by: STEVEN G. HORWITZ
  • Updated: May 23, 2012 - 10:09 PM
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foreseer2May. 23, 1211:11 PM

How refreshing to have a economics department chair with lifetime tenure to say that job creation doesn't have value in itself. Of course, maybe we should look at the unemployment rate of recent graduates from his program to see if what he is teaching his students has any practical value. Normally with economics, one can expect at least some data - but his article was totally devoid of research and analysis, 100% filled with worn Republican rhetoric. Totally unoriginal - possibly plagarized - not even deserving a passing grade. Not good rhetoric, and totally unsupported assertions.

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howlinjagsMay. 24, 12 4:42 AM

Republican hogwash

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comment229May. 24, 12 5:49 AM

I read the article twice, trying to figure out what he was saying. He certainly did go a long way to make his point, and there it was, at the end of the article: "The more of that wealth that value-creators can keep, the more likely they are to continue to create it." If he ever loses his job as a professor of economics, I am sure that fox news would be glad to hire him. Why was there no mention of the "greed" factor in his message? And further, those jobs that Apple exported overseas? Could they have been done by Americans or aren't our workers skilled enough? What's that? Apple would have had to pay them too much? How much profit did Apple make last year? I am not an expert in economics, but I sure have the greed factor and economic treason aspect of business figured out. Sorry, I understand his value creation aspect, but that is a whole different ball game from the corporations that commit economic treason, by shipping jobs overseas, for a bigger profit, while certain politicians ignore this, and just keep looking like good guys by saying "jobs, jobs, jobs."

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comment229May. 24, 12 5:56 AM

How to create jobs 101. Start at the bottom, not the top. Stop giving corporations huge tax breaks so they pay little or no taxes at all in the hopes that they will get motivated to expand. They haven't in the last 11.5 years; I don't know why anyone would expect it to happen now. Want to stimulate the economy. Create jobs because of demand. How do create demand for AMERICAN made products? Give a huge tax break to the people on the bottom of the economic pyramid; the middle class Americans, who WILL got out and spend this money, creating a need to replenish those products: JOBS.... now hiring... Why can middle class Americans figure this out and politicians in Washington cannot? Is it a symptom of Potomac fever? Further, if this is done, all you can do, is urge all Americans to do the right thing. Buy products that you are SURE say Made in the USA if possible.

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jeanm436May. 24, 12 6:17 AM

When candidates state how many jobs they've created, I always wonder how many of them pay a living wage with at least a few benefits. In my mind, part-time, hourly jobs don't really count. The need is for people to be able to support their families and not to need to rely on government programs for support. People who can only find part-time, hourly work are still relying on the government to help them out.

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Don9539May. 24, 12 8:19 AM

We will not spend a dollar out of pocket in the marketplace unless we perceive we are getting a dollars worth of value in goods or service. No such discipline exists when the government spends the same dollar. That is why we simply cannot afford so many of the government created jobs.

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hobie2May. 24, 12 9:00 AM

Amazing comments - they don't seem to understand anything he was saying.... He said that the conservative mantra of "money and jobs fixes all so focus on making jobs and all will be fixed" is economics bull. He said that the GOP is tilting at windmills, and that Obama the conservative is right beside them... And from an economics standpoint, he hit the nail on the head - he isn't the first to say that making jobs for jobs sake is a fool's errand that just "makes work"m, btw - the Asian and northern European countries learned long ago that politicians spending money to make jobs did not help society, and instead their governments focused on value, while the US and its conservative clones like Greece and Ireland and Spain spent for jobs .. and are now reaping the fruits of their spend-for-employment policies -- heavy public debt with no growth of product to show for it, to make that debt become a small part of their GDP... Stop using money as a measure of society, and focus on values - and in so doing, get what you can from the money available. Spending on a bet has us in debt, and more spending on a bet isn't going to get us out.

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gadams500May. 24, 12 9:10 AM

And this guy is a college professor? No wonder we rank so poorly in education vs our peers in the developed world. Totally unsupported argument - apparently some facts would get in the way of his hypothesis. The craziest line in the opinion piece is "We want labor-saving, job-destroying technology because that creates value. It makes us able to do things at lower cost and thereby frees labor for more urgent uses." What are these urgent uses? Sitting on the couch and watching faux news until we get kicked out by the bank? The trickle down theory, though never backed by any facts, still pervades the pawns of the republican party.

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dschachenmeyerMay. 24, 12 9:57 AM

The craziest line in the opinion piece is "We want labor-saving, job-destroying technology because that creates value. It makes us able to do things at lower cost and thereby frees labor for more urgent uses." What are these urgent uses? -- This isn't crazy at all. The marketplace has proven time and time again that people DO want labor saving technology. ATM's and online banking provide access to accounts 24/7. Microwaves, food processors, blenders, etc all make food preparation easier. Computers, ipods, and smart phones all make information access easier and increase productivity. People want these things because it allows them to use their time more effectively. If people didn't want technological advancement, it wouldn't exist.

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jpcooperMay. 24, 12 9:59 AM

Stop giving corporations huge tax breaks so they pay little or no taxes at all in the hopes that they will get motivated to expand.

when a company makes zero profit that's the biggest tax break of all and guess what? everyone looses!

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