It always astounds me the amount of people unable to find work no matter how well the economy is performing, there are people who have not been employed for years even during the good times, it seems a shame as they are perfectly fit and able to work and I presume they do want to work! At this moment in time the employment rate is pretty average 5.9% a lot better than a few years ago when it peaked at 10.7 but right now we are talking around 7 million Americans not working.
Why is employment important?
Employment on a big scale makes the economy turn faster, the standard of living rises to new levels and the country is attracting more investment, on a smaller level people can pay bills on time, enjoy vacations, better quality food and of course a better standard of living all round.
Local government also improves with additional funding for fire services, police, parks, art and other publicly funded attributes, in turn this reduces crime improves the area visually and again raises the standard of living, a true saying is “a country without art is bankrupt”
My solution to ending unemployment permanently
It sound like a pie in the sky idea but if we don’t aim high we will always have unemployment.
My first idea is to give any business an incentive to hire anyone unemployed the way to do this is with tax credits, it kinda of like the draft system:
Company’s would have a choice when hiring new people
Candidate number 1
Has a college education, has the required experience but is currently unemployed
Candidate number 2
Has a college education, has the required experience and is currently employed
Candidate number 3
Has a basic education, has the most experience and is currently employed
Normally in this situation depending on how they did in the interview it would all be pretty equal, however the best option for the country’s unemployment rate and for the good of the country is candidate number 1 to get the job as this would mean everyone would have a job.
If the company was offered a tax break for employing the unemployed candidate they are more likely to choose number 1, the benefit over time is low running cost for the company and a new tax payer for the city, if this system was applied around the country we would achieve a very low unemployment rate no matter what the economy was doing, maybe even better during the hard times as company’s looks for ways to save money.
How the Germans Eradicated Unemployment
You can probably tell me what the conclusion is to this idea before I write it however I think testing the idea in one state with high unemployment could be easily achieved without a huge expense, it would be interesting to see the results after 2 years of BETA I don’t see what we would loose.
I have operated a small business myself in the past and having additional staff to help enables the business to flourish quicker this would also increase tax revenue in the long run.