What’s better - everyone who lost their jobs picks a new career and retrains doing something new that is valued by society, or the government subsidizes unvalued industries that no one wants just so people never experience any pain?
I’m sympathetic that government can help those who lose jobs. My preference is straight-up cash transfers so they can pick their own schools and move to where jobs are, rather than a government-run school loaded with bureaucracy. But artificially preserving shrinking industries just so we can all act like we still need them around is a waste of tax dollars and is logically inconsistent.
I’m sympathetic that government can help those who lose jobs. My preference is straight-up cash transfers so they can pick their own schools and move to where jobs are, rather than a government-run school loaded with bureaucracy. But artificially preserving shrinking industries just so we can all act like we still need them around is a waste of tax dollars and is logically inconsistent.