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What is the jobs solution?

There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.

Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade of falling median incomes since figures were first compiled in the 1960s.

And the net worth of American households -- the value of their houses, retirement funds and other assets minus debts -- has also declined when adjusted for inflation, compared with sharp gains in every previous decade since data were initially collected in the 1950s.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196.html?hpid=topnews

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 6:01 PM on Jan. 2, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (45)
  • Well, as a large number of people have been recommending since early 2009 - reduce taxes on payrolls, reduce taxes on business profits, reduce penalties and regulations which increase the cost of doing business in America.

    It is expensive and troublesome for a company to "outsource" jobs, especially overseas. The extra organizing and negotiating alone is enough to stop a business cold. BUT ... when the costs demanded by increasing regulations and taxes are higher than the cost of all the logistics to complete projects, then the business has little choice.

    Cut these costs and businesses will be able to employ more people, AND many businesses will bring their overseas jobs back to America.
    waldorfmom

    Answer by waldorfmom at 7:15 PM on Jan. 2, 2010

  • Hmm...I'm not convinced there is a "jobs solution". I think there are things we can and have tried, but real growth in that sector and a turn in the unemployment rate will not happen until people feel comfortable investing. When will people feel comfortable investing? Likely when we have signs of consistent economic stability (aside for the unemployment rate). I'd like to see us offer employers incentives to create jobs that remain in the US.

    SRiveroC

    Answer by SRiveroC at 7:18 PM on Jan. 2, 2010

  • I'd like to see us offer employers incentives to create jobs that remain in the US.

    ***
    Just like WaldorfMom said, cut personal and business taxes, and allow people to invest and keep more of the money they earn. The people with the "disposable incomes" are the ones who invest, spend, and hire--not the people scraping by!
    LoriKeet

    Answer by LoriKeet at 7:33 PM on Jan. 2, 2010

  • There was plenty of job creation exactly where is was suppose to be - in the private sector. The government doesn't create jobs. They just create an environment that is conducive to job creation. The government doesn't manufacture anything (well they didn't use to until they bought some defunct car companies). If you don't make anything, you can't create jobs. The government is to just not wreck the economic environment (taxes, fees, licenses, laws) that is job friendly. This administration is not turning out to be too job friendly.

    jesse123456

    Answer by jesse123456 at 7:56 PM on Jan. 2, 2010

  • This administration is not turning out to be too job friendly.


    In what way? They haven't created new nus taxes...


    and this is a 10 year problem, there were 2 other Prez' and admins during that time....

    sweet-a-kins

    Answer by sweet-a-kins at 8:00 PM on Jan. 2, 2010

  • Just like WaldorfMom said, cut personal and business taxes, and allow people to invest and keep more of the money they earn. The people with the "disposable incomes" are the ones who invest, spend, and hire--not the people scraping by!


     Umm no, what you are advocating for is trickle down economics and it doesnt work. They hoard the money or create jobs oversees. I'm talking about an incentive for people who PROVE they created American jobs.

    SRiveroC

    Answer by SRiveroC at 8:31 PM on Jan. 2, 2010

  • waldormom has it right on. That is what Reagan did when we were in the recession mess made by Carter and there was real growth and a real turn around by the end of his first year. Stop taxing businesses so much. If this healthcare reform goes through look for even more job losses.

    AngelDawn7

    Answer by AngelDawn7 at 8:32 PM on Jan. 2, 2010

  • I may be way off base here, but I'll use my experience as a bank Trust Officer anyway....it is kind of hard for people to invest when they have no money...it doesn't matter how "confident" they are. Of course, most people have not yet tried the Obama method of growing their wealth....borrow the money and invest it.....

    I would love to see someone with enough balls stand up and say, "hey businesses keep saying reduce taxes and regulations so they can grow...everything else has failed so let's give it a whirl."
    yourspecialkid

    Answer by yourspecialkid at 8:33 PM on Jan. 2, 2010

  • waldormom has it right on. That is what Reagan did when we were in the recession mess made by Carter and there was real growth and a real turn around by the end of his first year.


    LOL..Thats a lie.

    sweet-a-kins

    Answer by sweet-a-kins at 8:34 PM on Jan. 2, 2010

  • The United States was experiencing its worst recession since the Depression, with conditions frighteningly reminiscent of those 50 years earlier. By November 1982, unemployment reached, nine million, the highest rate since the Depression; 17,000 businesses failed, the second highest number since 1933; farmers lost their land; and many sick, elderly, and poor became homeless.

    The country lived through the recession for a full year before Reagan finally admitted publicly that the economy was in trouble. His budget cuts, which hurt the poor, and his tax cuts, which favored the rich, combined with the hardships of a recession, spawned the belief that Reagan was insensitive to his people's needs. (Although it was a 25% across-the-board tax cut, those people in the higher income brackets benefited the most.)
    sweet-a-kins

    Answer by sweet-a-kins at 8:36 PM on Jan. 2, 2010

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