A major essay from Mead: Beyond Blue 5: Jobs, Jobs, Jobs:
In our times, the advantages of unplanned capitalist innovation and competition are even more valuable than usual. We need an era of social and business experimentation. Many of the bright young people who a generation ago would have gone to work for large corporations or law firms, or moved into tenure track academic positions, need to find new ways of making a living. The young people who would have gone into factory jobs or routine but secure clerical positions must also find new ways of using their skills and talents. The terrain is uncharted; the old systems don’t work.
Government needs to clear unnecessary obstacles out of the paths of the pioneers of the new economy. The single most effective way the government can support the necessary change is to adapt its regulatory and employment policies to the needs of the start ups from whose ranks the leaders of the future will emerge. That is not the only type of change that would help, but it is the most important one.