As an on-the-record sceptic about job subsidy policies, I found this piece by Paul Krugman interesting. In addition to being in favour of employment subsidy schemes, Krugman also discusses the benefits of employment protection legislation, which I would admit to being even more sceptical of (memories of the phrase Eurosclerosis come to mind). At this point, I’d stick to me original opinions on this issue but I’ll happily admit that Krugman is umpteeen times smarter than me.
Of course, when dealing with these issues in an Irish context, there are practical implementation issues to be dealt with. What I’ve heard so far about the employment subsidy scheme suggests that it’s exactly the kind of bureacratic mess that I expected it would be when it was announced.