There are a variety of ways by which our employment crisis can be handled. Their pros and con are discussed. Some of these hold more promise than others.
Finding ways of handling unemployment crises have always been controversial. Some agree that austerity measures are the best, while others disagree. Some may argue that it takes both austerity and stimulation to make an economy flourish. What follows are some things that private sector and government can do to help the employment situation. Arguments pro and con are also discussed.
1. Reduce taxes – conservatives and the Tea Party argue that this is the way for our economy to grow again. As they see it, such an initiative will be good for businesses that are the creators of jobs. The down side of this is, that in the process there will have to be cuts and layoffs. As soon as a reduction of taxes is on the table, it is generally the social programs that will take the greatest hit. Do we want the least among us to suffer with policemen, firefighters, and teachers?
2. Raise taxes – liberals are quick to jump on the bandwagon concerning this issue in order to solve our financial woes. To date, many Democrats say that the rich should pay their fair share. It is generally floated that those that earn more than $1,000,000 per year should fall into this category. Others feel that one percent of all Americans should see such an increase in their taxes. Conservatives respond, not so fast, for if that was implemented it would be affecting small businesses that are the creators of jobs. Thus, there is gridlock for those advocating lowering and those that say to raise taxes.
3. Job sharing – according to some policy makers in the United States, job sharing has been successfully implemented in Germany. This is basically how it works. Two employees will split a job by working 30 hours each in a 40 hour week. Government will then chip in by paying each the extra 10 percent of their salary. In this way, a company can reduce its workforce, employees will continue to be employed while maintaining their skills, and instead of full government unemployment checks, government will pay less in the process. This arrangement has the potential to save billions and there should be no reason why it should not be embraced by conservatives and liberals alike.