We do not have to “create” jobs to produce goods or services we don’t need to rescue the economy. We can instead elect to open up the remaining jobs by making it easier for the baby boomers to retire. This is a huge portion of our population, and inducing 5 million to retire would probably be easier than trying to jump-start the economy.
What would this take? Definitely access to health care would be a requirement. Also, there would be a need to access Social Security. Rules to relax the regulations on 401(k) withdrawals may be necessary. However, these steps would not require us to make up work that may misallocate our capital resources.
Every coin has two sides. Why not think creatively?