Well, maybe. But that's hardly the answer to our inability to compete on the global state.
Should we overlook the fact that almost every country in the world outperforms our students on standardized exams - we come in right behind Bangladesh? Maybe what we need is simply more students.
These are now dated statistics - but not so long ago 600,000 workers in Japanese auto companies produced 1.2 million cars per year. It took 2.5 million workers in the U. S. to produce the same number. Is it more of those kinds of "jobs" we need?
At the same time, they required one accountant to our six to do the same work. Is the answer to employ eight to one?
A "job" in America is something the average American "gets"in order to get a paycheck to buy what he or she thinks they deserve. The average Chinese saves 20 times more than the average American. Let us encourage more spending and less saving. Although how that would help the trade balance is a mystery to everyone but our Washington economists.
But, yeah, let's spend money we haven't got to make jobs we don't need. Then we can all line up for a hand-out. Every single member of Congress will gain from the bail-outs. If YOU don't, who is fooling you?