Okay let's say that we have 306 million people living in the United States. Let's also assume that the unemployment rate is 10% and we want to reduce it by half. This being the case, we will need to create 15.3 million jobs which would be awarded according to how long a person has been on unemployment (with those on unemployment the longest being put at the head of the line.)
The Federal Government, in cooperation with local unemployment offices, will contact the businesses that laid off each of the awardees chosen for this program. The Government will request that the employer rehire these awardee(s)- with the understanding that the Federal Government will be footing the bill (the cost of their wages.) Each awardee will be paid 50k per year for 3 years- the total cost being $765 billion.
***NOTE***(If the awardees former employer went belly up or moved, the Government will simply allow the awardee to apply with any business locally- with the same agreement previously mentioned.)
During that time (3 years), the employers will enjoy a period of decreased cost of labor and increased revenues. The formerly unemployed awardee will enjoy a period of job security- in addition to the wages they are receiving. These two factors, working together, will inspire Americans to start spending again (which is one of the main ways we as a country will dig ourselves out of the slump we are in) and increase the general level of economic activity throughout the nation, as well.
Final Thought:
It would be a colossal blunder in my opinion to do anything other than this, especially something involving giving money directly to employers (hell the Wall Street bailout has shown us all that no good can come of that.)
So their you have it..the 'Populace' (sic) solution to unemployment. A solution, I might add, borne of a true desire to see Americans helped (instead of some lame-ass attempt to fix the unemployment problem done only as a stunt so one could claim they are doing something about it but in reality end up creating not one damn job.)
Tuesday, January 26, 2010
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