The unemployment rate is declining in the USA; it is around 5%. But many people

Question

The unemployment rate is declining in the USA; it is around 5%. But many people complain about underemployment, which means that they want to work full time, but they can find only a part-time job. Some economists claim that the public sector (federal and state government intervention) should hire more employees so that they can lower underemployment more quickly? Some economists argue that the private sector can create more jobs in the future; there is no help needed from the public sector. The main concern of the second group is that the expenses of new employees in the public sector can increase already high public debt even further. Which view do you support? Why?

Explanation / Answer

I will support the view which says private sector can be more useful in creating more jobs because this is the sectors which brings more efficeny to the work and reduces the burden on the government as budget deficit will be reduce. In this case public sector i.e. government rather hiring more , they can provide incentives to the private sector to lower taxes burden

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