The Capitalist Solution to the Unemployment Conundrum
Reader comment on: Good News on Employment
Submitted by Joseph Patrick Bulko MBA (United States), Jul 8, 2011 17:11
Good news? Seriously?? As the tepid "recovery" fizzles to a stall, the U.S. economy seems to be working reasonably well for about 75 percent of the available workforce. The "other" 25 percent consists of the unemployed (e.g., those who are collecting unemployment benefits), the underemployed (e.g., those forced to work part-time when they need full-time employment), the non-employed (those who have dropped out of the employment market and are no longer counted as unemployed), and the working poor (e.g., the vast underclass of all those people working full-time dead-end very low-paying jobs while trying to support families). For some of us, this 75 percent "success" rate is simply not good enough! We need a better jobs solution!
I've written a proposal that describes a mechanism through which we can fund a massive number of new business ventures by tapping the financial power of Wall Street to create jobs on Main Street. This approach ramps up employment quickly and puts money directly into the hands of the people who need it now: the consumers (whose spending represents 70 percent of GDP). This enormous financial turbo-boost to the economy will reinvigorate economic activity and quickly return the eight million jobs lost during the Great Recession. The purpose of this mechanism is to take a private sector proactive approach to address the expected long-term high unemployment problem.
You can read the proposal here: http://jpbulko.newsvine.com/_news/2011/04/20/6500827-a-modest-proposal-to-save-the-american-economy-entrepreneurial-blitzkrieg-as-job-creation-vehicle-
A companion piece that further elaborates upon the theme, "The 75 Percent Solution? A Moral and Economic Imperative to Create Good Jobs NOW!" can be found here: http://jpbulko.newsvine.com/_news/2011/06/03/6780373-the-75-percent-solution-a-moral-and-economic-imperative-to-create-good-jobs-now
Joseph Patrick Bulko, MBA
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