8/10/2004 03:43:07 PM|||Nathan Moore|||

On our trip North, Sarah and I were discussing the problem with the current methodology used by the Department of Labor to count jobs. The method does not take into account entrepreneurship, generally speaking. With the advent of the Internet and less expensive, more improved technology, the costs of entrepreneurship are less than they have ever been. Unless one wants to get into an economies of scale argument, a nation full of entrepreneurs is a more desirable thing than a nation heading towards oligopoly. The Heritage Foundation has addressed the counting problem quite well in an essay here. The pros and cons between many sole proprietors and small employers versus a few dominant large employers will be reserved for another day.

Since the Labor methodology is certainly undercounting jobs (it does not take into account business startups, independent contracting work, and smaller business hires), the Bush campaign team needs to do something, and fast, to keep the factually correct perception of economic growth afloat in the electorate. My suggestion, if anyone out there is listening, is to start plugging the numbers of new businesses created since taking office. I'd have to do some research, but it has to be astounding, and growing every year.

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