17 August 2011

One Step Toward More Jobs

America needs jobs. It would be best to have new the jobs come organically from boom times. But with private investors withholding their capital and with the government held back by the extremists of the political right, we have no prospect of the massive infusion of money we need to make the economy grow.

What can we do?

Well, one idea which wouldn't take a lot of new money would be splitting-up the jobs we have now. We could do that by eliminating income tax deductions for compensation paid for time over 32 hours a week. That would make current employees more expensive and new employees less expensive. Some employers would respond with reduction of hours allowed current employees and new hiring to make-up the time.

Of course, some current employees may be adverse to losing time but others may welcome the possibility of more free time if they don't need as much income as they have.

It's not a perfect solution but, given the difficulties we face, it's one step we can take.

No comments:

Post a Comment