Question

How can we create more jobs in the long-term? Explain.

Answer 1

Explanation:

Tax cuts create jobs by letting families or businesses keep more of the money they earn. The idea is that consumers will buy more things, thereby stimulating demand. Businesses use tax cut money to hire much-needed workers. All tax cuts are not created equal when it comes to job creation, though

Answer 2

The goal of all job creation strategies is to stimulate healthy economic growth. Economists agree that annual growth between 2%–3% is sustainable. This usually requires adding 150,000 new jobs per month to employ new workers entering the labor force. In a free market economy, the government doesn't need to do anything when growth is healthy; capitalism encourages small businesses to compete, thereby creating better ways to meet consumers' needs.

Here are the seven job creation strategies that give the most bang for the buck.

1. Reduce Interest Rate
2. Spend on Public Works
3. Spend on Unemployment Benefits
4. Cut Business Payroll Taxes for New Hires(Reduce prices
5. Increase employee wages , Buy more supplies , Hire more workers directly)
6. Defense Spending and Job Creation
7. When to Use Expansionary Fiscal Policy
8. Job Creation Statistics