There are many ways to create jobs. The 2008 stimulus created some jobs directly at the local level at a cost of around $115k each, or an 18 year payback. We can also simply wait for the “Recovery” that is supposed to occur and hope it all turns out well. There are also steps that can be taken to transform the economy and speed up restructuring.
All of this would be minimal and possibly wasted according to Jim Clifton, the CEO of Gallup. His book “The Coming Jobs War” (which came out last September) outlines how good, meaningful jobs are going to be scarce around the world – and subject to intense competition at all levels. His proposal is not expensive or even likely to be controversial, but it does require new attention and care from everyone. It also requires very dynamic leadership, an even scarcer commodity.