An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Obama's new CEA chairman Alan Krueger is one of the top labor economists in the country. He included a lot of innovative programs in the back end of Obama's ill-fated American Jobs Act worth looking at. The first one, "Bridge to Work" is a temporary subsidized employment scheme akin to what Ralph's taking about (as Morgan Warstler has suggested, the employers really should have to bid on the subsidized labor).
324. Bridge to Work Program 325. Wage Insurance 326. Enhanced Reemployment Strategies 327. Self-Employment Programs 328. Additional Innovative Programs ... 344. Grants for Short-Time Compensation Programs ... 351. Long Term Unemployed Workers Work Opportunity Tax Credits ... Subtitle C – Pathways Back to Work 364. Subsidized Employment for Unemployed, Low-Income Adults 365. Summer Employment and Year-Round Employment Opportunities For Low-Income Youth http://www.scribd.com/doc/64723281/American-Jobs-Act
the employers really should have to bid on the subsidized labor).
The BSE (buffer stock of employed) could be the buffer that the government provides for all willing and able to work at the p/hr unskilled floor compensation package. The private sector bids labor out of that pool but offering a higher compensation package. The employers desiring to hire the unskilled bid against each other for it.
3 comments:
Obama's new CEA chairman Alan Krueger is one of the top labor economists in the country. He included a lot of innovative programs in the back end of Obama's ill-fated American Jobs Act worth looking at. The first one, "Bridge to Work" is a temporary subsidized employment scheme akin to what Ralph's taking about (as Morgan Warstler has suggested, the employers really should have to bid on the subsidized labor).
324. Bridge to Work Program
325. Wage Insurance
326. Enhanced Reemployment Strategies
327. Self-Employment Programs
328. Additional Innovative Programs
...
344. Grants for Short-Time Compensation Programs
...
351. Long Term Unemployed Workers Work Opportunity Tax Credits
...
Subtitle C – Pathways Back to Work
364. Subsidized Employment for Unemployed, Low-Income Adults
365. Summer Employment and Year-Round Employment Opportunities For Low-Income Youth
http://www.scribd.com/doc/64723281/American-Jobs-Act
the employers really should have to bid on the subsidized labor).
The BSE (buffer stock of employed) could be the buffer that the government provides for all willing and able to work at the p/hr unskilled floor compensation package. The private sector bids labor out of that pool but offering a higher compensation package. The employers desiring to hire the unskilled bid against each other for it.
It could yes, but Ralph's idea (which the Bridge to Work program is in line with) is to create temporary jobs in the private sector.
Post a Comment