Corporations Have No Urgent Need to Create Jobs

Because unemployment is still so high and the recovery still so weak, corporations have plenty of workers and productive capacity to fulfill the tepid demand.

This is the same problem that John Maynard Keynes identified during the Great Depression – an economy with high unemployment can get stuck in a trough where people are fearful of consuming and corporations are fearful of investing. The answer then, and the answer now, is for the government to put the unemployed back to work doing the vital business of the nation, even if it runs up the deficit some more. We could use a vast army of workers to weatherize buildings and to rebuild our crumbling infrastructure. These are the potential consumers that could spur corporations to create jobs.  

Les Leopold

AlterNet