Question - Which would more effectively address the problem
of increasing entitlement rolls? Should we address making welfare less
attractive, ceteris paribus (all other things being equal), or making gains greater?
Response - Government bureaus may do both. Welfare may be
made less attractive by decreasing benefits (like limits on what the money may
be spent on) and adding costs (like job-hunting requirements). Gains may be
made greater by some combination of industry deregulation and subsidized
education/vocational training.
Making welfare less attractive is most likely the easiest
goal to accomplish.
Deregulation will help improve gains by lowering the cost of
entry into a wide variety of fields. However, these fields are currently vested interests for many and, as a result, any attempt to liberate these careers will most likely meet very strong and very vocal opposition. As far as subsidized education/vocational
training go, I would much rather see this sort of activity on as local a basis
as possible.
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