The Republicans and FOX (aren’t they the same thing?) have the answers for increasing jobs and helping the economy.
Cut the minimum wage and eliminate unemployment benefits.
FOX is pushing the “cut the minimum wage” as a solution to the job problem even though almost every study done on the correlation between minimum wage increases and job loses shows that it has no effect and in fact increasing the minimum wage has expanded jobs in some areas.
Onto the next Republican idea to spur the economy.
Yesterday Michael Steele, RNC chairman appearing on NBC suggested that in order to get banks lending to small businesses the unemployment tax should be cut.
“Well, I think, first off, he should recognize that banks aren’t going to lend money to people who can’t pay them back. … So there’s — there’s this whole cycle of not understanding exactly how the ..continue reading
I live in a middle class neighborhood that is fairly mixed both by religion and ethnicity.
I noticed that there is an increase in the number of people who have lost their jobs over the last year. For many it has been a struggle to find a new opportunity. I know a couple of people, one a lawyer the other a middle level manager who have searched for nearly a year. Several others settled for jobs paying about 60% of their previous salaries. While others had to find multiple jobs to make ends meet.
From my perspective the job crises is not showing any signs of recovery. I listen to the talking heads and many are making postives comments that we have hit bottom and the recovery is starting to kick in. I don’t see it.
I read an article by Paul Krugman yesterday. I think he is smart but I don’t always ..continue reading
There is an interesting article in Businessweek this week that there 2.6 jobs were available as of the end of May and had not been filled. Although according to government figures this is down about 36% form a year ago it is still a substantial number. There are approximately 14.7 million people unemployed in the U.S. today.
Why are this jobs available and go unfilled in these tough times? there are various explanation including qualification mismatches, geographic mismatches, people don’t know about the jobs and maybe employers are more selective since there are so many people looking for work.
But there must be a way or should be a way to incentivise employers to fill the positions as soon as possible and get people back to work.
I read that there is a program in one of the States in the South where the local government continues to pay unemployment to a worker ..continue reading