Targeted Job Creation = Sound Public Policy
Targeted job creation is a viable solution for responding to the disproportionately high unemployment rates being experienced by some states, industries, and demographic groups across the country. Our nation cannot afford to sit back and allow whole industries and income groups to remain stagnant and suffer staggering financial losses and unemployment. To do so would surely diminish our overall labor force and jeopardize our competitiveness globally. Our international market success demands that we maintain a workforce that is highly skilled and trained as well as economic and trade policies that support businesses and industries in ways that expand their competitiveness. The American worker and consumer are as critical to the global economy as the financial institutions and automakers that were bailed out by government assistance. Some of the fastest growing economies in the world depend heavily on American consumers, and you can be sure that the effects of slowed consumer spending in this country are adversely impacting China's exports and India's outsourcing revenues.
There has to be some form of government intervention for industries and population groups that have the highest levels of unemployment, to avoid a diminishing of worker skills, state fiscal collapses, and massive company failures. Intervention does not always have to take the form of outright handouts or subsidies, which tend to get misappropriated once dispensed by the federal government. Targeted job creation can be accomplished by adapting existing tax and trade policies and regulations to the realities of today's economy. There are definitely certain tax and trade guidelines that can be temporarily suspended or relaxed in order to achieve a greater flow of capital and investment by corporations and create incentives for companies to hire more workers. As businesses raise capital, grow their inventories, and increase sales, job growth becomes inevitable. Implementing short term tax, trade, and investment policies that would encourage business growth and investment sounds like good public policy to me, if the goal is to create millions of jobs for distressed industries, underemployed demographic groups, and unemployed Americans across the country.
There has to be some form of government intervention for industries and population groups that have the highest levels of unemployment, to avoid a diminishing of worker skills, state fiscal collapses, and massive company failures. Intervention does not always have to take the form of outright handouts or subsidies, which tend to get misappropriated once dispensed by the federal government. Targeted job creation can be accomplished by adapting existing tax and trade policies and regulations to the realities of today's economy. There are definitely certain tax and trade guidelines that can be temporarily suspended or relaxed in order to achieve a greater flow of capital and investment by corporations and create incentives for companies to hire more workers. As businesses raise capital, grow their inventories, and increase sales, job growth becomes inevitable. Implementing short term tax, trade, and investment policies that would encourage business growth and investment sounds like good public policy to me, if the goal is to create millions of jobs for distressed industries, underemployed demographic groups, and unemployed Americans across the country.
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