Jobs Creation and Government Policy

Since the mid-1930s, the dominant view of economic policy makers has been that a competitive marketplace will fail to generate adequate employment opportunities. This view underlies the advocacy of government programs to create jobs. In the 21st century, creating work for people will not be viewed as a primary objective of government policy; fostering an environment for wealth creation will be. Whatever good intentions are presumed, when the government focuses away from creating wealth and onto creating jobs, it inevitably generates a lower average standard of living.