The US is the last place standing that doesn't look at all innovators & leaders as robber barons. Some are, sure.
But if you want economic growth, someone needs to take risk. Capital formation, investment, founding companies. This is what leads to hiring and jobs.
Look at ossified cultures in EU, UK, and even Japan where stringent hiring/firing laws, shrinking populations and dire economic growth mean it's great to already be 40/50+ years old protected worker. Unfortunately it also means youth can't find jobs, and where they can they are under more tenuous contractual agreements than their older cohort has. Plus an increasing share of the taxes the youth pay will be to fund the generous retirement of their elders who outnumber them.
And again before some US Doomers chime in, take a global perspective. Go look up some rich world unemployment stats. The US right now has some of the lowest unemployment both historically and when compared against all the current global rates.
But if you want economic growth, someone needs to take risk. Capital formation, investment, founding companies. This is what leads to hiring and jobs.
Look at ossified cultures in EU, UK, and even Japan where stringent hiring/firing laws, shrinking populations and dire economic growth mean it's great to already be 40/50+ years old protected worker. Unfortunately it also means youth can't find jobs, and where they can they are under more tenuous contractual agreements than their older cohort has. Plus an increasing share of the taxes the youth pay will be to fund the generous retirement of their elders who outnumber them.
And again before some US Doomers chime in, take a global perspective. Go look up some rich world unemployment stats. The US right now has some of the lowest unemployment both historically and when compared against all the current global rates.