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Zero unemployment in a few months with a stable economy. Here's how:
The government borrows $15 billion from China, and pays $3,000 as a monthly wage to $5-million unemployed workers. On payday, they all go out and spend that $15 billion. Employers hire workers to produce the goods and services those recipients buy, and pay them wages. For each one that gets hired, the government doesn't have to borrow their paycheck next month from China, so that $15 billion keeps going down. After a few months, everyone is hired, there is full employment, the companies that made the goods and services gain the profits from that increased business, and pay tax on the profits, which is used to pay back the loan from China. If we don't attack any other countries during those few months, we can borrow the money from the Defense Department, instead of from China.
Here's Plan B:
The government builds factories that make things people want or need to buy, and hires 5-million workers. No unemployment. But that sounds like socialism, so there is a standing offer. Any private entity can buy any one of those factories, at any time, for exactly the amount of money the government spent so far in developing and operating the plant. Now, they are all privately owned operations. That's not socialist. Unless, of course, private capital refuses to buy them, then it's their fault that it not private enterprise, and they have no right to whine.
Those are just rough outlines in principle, subject to adjustments of details. The point is, the USA has the wealth to boldly stimulate employment in this way, while most other countries don't, so we can use that wealth to work for us in furthering this advantage. Why are we afraid to just do it? Fifteen billion a month is less than we spend in the Iraq war during the first couple of years.
Here are the reasons we don't. In case A, it goes against our principles to see somebody get paid who is not working. In case B, it goes against our principles to see a market share not going to private enterprise, even if both of them are just briefly and temporarily entertained. Those are not economic reasons, they are spiteful reasons based on philosophical comfort zones that have been embedded within us.
Draft EVERY military age person in the United States, put them to work on the highways and a national high speed railway and allow them a GI Bill to help them with college. Let the super duper weapons systems ride until we have straightened our country out
Draft EVERY military age person in the United States, put them to work on the highways and a national high speed railway and allow them a GI Bill to help them with college. Let the super duper weapons systems ride until we have straightened our country out
Reinvent the WPA.... Well, it worked last time. And we certainly need infrastructure more than weapons systems.
You do realize that the numbers are more like 24 million people that are out of work. Of those, 11 million are no longer on the unemployment line because they dropped off due to benefits ending or they took themselves off the list and have chosen not to look for work. Putting 5 million people to work, although a great thing, will not end unemployment.
Not sure about you but when I get paid, I have to pay my mortgage, eat, pay the water bill, trash, electric, gas, and other living exspenses. By the time I get around to buying consumer products to put my hard earned money, or in this case, free money, back into the market, it is only a small percentage of what I earned. For most people in a situation where they have not had a regular income they may be behind in bills and guess where much of the money will be going? Even though you give them the $3,000 not a lot goes back into buying consumer goods.
Just about everything that you are advocating has been tried since Obama became President. He has been trying to buy our way out of the recession. You do realize that 99 weeks of unemployment is not normal? Putting all that money out there to stimulate the economy has done little to stimulate the economy. Obama "saved" the auto industry. GM is now profitable they say. Chrysler is now owned by Fiat. What happened was that the products that were loosers were cut free and the profitable products stayed in business. Ford was the only manufacturer that did not run to Obama for help and they are doing fine from what I hear.
Why not let the market take care of itself? People will create new business operations that will make money, grow, and hire new people. In my area I have seen companies do just that. They have a product that people want and recession or no recession people are buying what they have to sell. here where I live HAAS Automation is expanding. Neff Headwear went from a projected 100 million in sales to 200 million in sales, (According to Forbes online) The tech industry is doing well even paying their interns big bucks to work there. (Facebook interns on average make $5,800 a month I think.)
Why not build your own success and build a business of your own. Then you can add to the employment ranks by hiring some of the many unemployed people in your area.
You do realize that the numbers are more like 24 million people that are out of work. Of those, 11 million are no longer on the unemployment line because they dropped off due to benefits ending or they took themselves off the list and have chosen not to look for work. Putting 5 million people to work, although a great thing, will not end unemployment.
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That is an illusory figure. That 24-million counts everybody who has ever worked or has ever wanted to work. Five million would be enough to reduce to zero the number of labor-force households in which there is no income. A job for all of your 24 million would raise the work force to over 155-million, which is an absurd expectation and would be unsustainable in any economy. It would raise our jobs numbers to 16% higher than they have EVER been. But go ahead and double my numbers, to ten million, and it would still be within a range of feasibility. But wouldn't 5-million be better than the nothing (or couple of thousand) we are getting now?
Every cent cashed on payday would still go into the economy, and would represent a demand for something to spend it on. and an order for those goods and services. Even if it passes through the hands of landlords or utilities.
We ARE letting the market take care of itself, and it is backing away and leaving (you say) 24 million jobless. Stop waiting for them to fix it, they are not going to, until they see a money flow out there to buy what they make and sell. The money exists. Let big business see it moving, and they will build a way to earn it.
1. Dump NAFTA and "Free" Trade (really the only Free in that is Tax-Free for the Corporations) and re-instate tariffs to balance trade.
2. Take US off Oil -- at least for Ground Transportation.
3. End the endless wars, and bring the troops home -- we will need them back working productively with all the new jobs that #1 and #2 above will create.
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Only reason we will not is the Transnational Corporations that profit from the unbalanced trade and losses for US are making Big Bank and have bribed the Congress and Presidential Candidates more than they are paid by US.
so #4 --
End all Political Bribes (contributions, cough, cough) reel the Banks and Corporations back in, and begin a Corporate Death Penalty (kill the Corporation) for any that get out of line.
btw, we do not need to borrow a dime or import anything to do this.
[QUOTE]Draft EVERY military age person in the United States, put them to work on the highways and a national high speed railway and allow them a GI Bill to help them with college.[/QUOTE]
Why military age people? A lot of those are already working. Why would you forcibly draft people who are already working? Why not draft the unemployed? You're already paying them anyway, make them work for their checks instead of sitting home all day and collecting. What are you people thinking??
[QUOTE]Draft EVERY military age person in the United States, put them to work on the highways and a national high speed railway and allow them a GI Bill to help them with college.[/QUOTE]
Why military age people? A lot of those are already working. Why would you forcibly draft people who are already working? Why not draft the unemployed? You're already paying them anyway, make them work for their checks instead of sitting home all day and collecting. What are you people thinking??
Drafting them would opeen those jobs up for other unemployed and it would provide the draftees with educational assistance when they complete their service.
Hmm, manufacture the goods people want to buy in this country? I can buy a coffee brewer for under $20 at Walgreen. Trust me, we ain't gonna manufacture a $20 coffee brewer in this country, even if the workers all made minimum wage. Keep dreaming. Yes, the economy will be marked by instability, consumer goods will continue to be made elsewhere, and millions of American's will continue to whine about it, while voting for the $20 coffee brewers. Endless cycle.
Instead, we should be focused on manufacturing things that can support healthy profit margins. Turbine engines, diesel engines, automobiles, agricultural products, aerospace, earth movers, etc. That can support a healthy economy, and a healthy middle class. Bring back heavy industry, and bring back the anchor for the middle class, and convince your kids it's A OK to get a little dirty for a living. And blast all the liberals into outer space just for good measure.
Hmm, manufacture the goods people want to buy in this country? I can buy a coffee brewer for under $20 at Walgreen. Trust me, we ain't gonna manufacture a $20 coffee brewer in this country, even if the workers all made minimum wage. Keep dreaming. Yes, the economy will be marked by instability, consumer goods will continue to be made elsewhere, and millions of American's will continue to whine about it, while voting for the $20 coffee brewers. Endless cycle.
Does not have to work like that. Automation can crank out your ever so dear Coffee Maker right here for less than $20 full retail, and do so without global pollution, and no fuel burnt shipping it from China.
And since the work is highly automated, the related jobs pay well, and folks can work shorter work week hours, allowing more people to be employed with a higher quality of life for all.
But that will take a tariff -- to force "We Sell Out For Less" Wal-Mart to source here.
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Instead, we should be focused on manufacturing things that can support healthy profit margins.
mkay, let's go down your list . . . .
Turbine engines -- Korea and China
diesel engines -- Korea, China
automobiles -- China.
agricultural products -- Ok on that one. But that only employs 1 in 60 Americans, and with automation is heading towards 1 in 100. So you have 1 in 100 of US working. Keep going.
aerospace -- Heading overseas, except the core MIC -- and that is relying on an ever broker customer -- US.
earth movers -- Even that has to go where the business for all the rest is. Not here.
etc. -- etc., indeed.
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That can support a healthy economy, and a healthy middle class.
Bring back heavy industry,
And you are going to do ALL that without tariffs?
Pie-in-the-Sky-by-and-by.
Oh do tell and Preach On, brother man.
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and bring back the anchor for the middle class,
Only Anchor ahead for the middle is debt. A big heavy anchor of debt tied around their necks.
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and convince your kids it's A OK to get a little dirty for a living.
They are going to be getting a LOT dirty before this ride is over.
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And blast all the liberals into outer space just for good measure.
Was not liberals who came up with this mess. This is down flow of Wealth Without Work Reaganomics. Turns out ol' Dutch was an economic dumbass.
Not that were not plenty of liberals who went right along for the ride.
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