The bureaucrats at the UN’s International Labor Organization are worried. They say the world’s economies are heading toward a “massive job shortfall.” Who would have thought that if you destroy the incentives to start new businesses and take risks, jobs would go away?
The problem is that bureaucrats have things backwards. They want policies designed to create jobs, as though jobs are manufactured and come stacked up in boxes. That’s insane. Jobs are simply by-products of economic activity. When you restrict economic activity and make it more difficult for people to be productive, you’re going to get less economic activity — which leads to fewer jobs. What’s so hard to understand about that?
People such as the economic illiterates waving their signs about “green jobs” are just as ignorant about this as the government bureaucrats. They all believe the focus should be on jobs, not understanding that the focus has to be on letting people pursue their own self-interest — at which point the jobs will be there.
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