Soham Patil
July 10, 2024
For quite a considerable amount of time, the topics of job creation and unemployment have been central to every political campaign in almost every country.
It hasn’t been without good reason, either, since job security is one of the most important factors in a person’s career. Therefore, a candidate who can promise to create more jobs and sustain job growth would appear on paper to be the better candidate.
However, there are few policies that promote greater havoc than job-creation programs. This should not be a surprise since the state is ultimately not responsible for financing jobs, so it need not worry about profit or loss.
Politicians are inclined to include job-creation programs in their promises because they are often popular with voters.
After all, if there are more jobs in the economy, unemployment will be lower, and there is a greater likelihood that workers in the country will not fall on hard times.
Since nearly every household has a member of their family who works, job-creation programs have nearly universal appeal.
If a politician can position themselves as a job creator, they garner a massive boost toward their odds of being elected.
Thus, they all aim to one-up each other with what they promise to voters. Unfortunately, in this case, competition does not lead to better results.
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