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  • 8/4/2019 Fair Jobs Policy

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    Fair Jobs PolicyPutting America Back to Work

    Copyright 2011, All Rights Reserved

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    2Copyright 2011

    An Introduction

    The Unemployment situation right now in the U.S. is the

    worst its been since the Great Depression. No other Recession over the past 75 years has produced as many job losses or slower job growth. We are in a desperateeconomic crisis.

    No other issue is more important. Without jobs andwithout job growth nothing else in the economy will workproperly. Without jobs and economic growth there will be

    no way to overcome trade deficits, budget deficits ornational debt problems.

    Our leadership in Washington on both sides of the aislehave thusfar failed to come together to solve this.

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    What is Fair Jobs Policy ?

    Fair Jobs Policy is a critical part of Fair Economics. It

    begins with a recognition that for the past 30 years ourleadership has placed Americas economic growth andworkers second to Globalization.

    The outcome of that re-prioritization of economic goalshas been predictable:

    The loss of millions of American jobs. Lowering of real wages & standard of living. An exodus of American industrial capacity.

    Fair Jobs Policy posits that the only way to turn theAmerican economy around is to focus on the Americaneconomy and good jobs for American Workers.

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    Weve seen the consequences before when unadulteratedgreed drove economic policy; however our leadershipchose to ignore those lessons and enacted policies that putmillions out of work so a handful of people could becomebillionaires. Thats Not Fair

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    Fair is SmartOne of the main principles of Fair Economics is that theFair policy is also the Smart policy. This applies to FairJobs Policy as well.

    The engine that drove the expansion of our economythrough the majority of the 20 th Century was consumer

    spending. The great majority of that consumer spendingcame from working class and middle class Americans.That model was based upon opportunities for upwardmobility, rising standards of living and wage growth.

    That model worked so well that we extended it to WesternEurope, Japan and Korea it worked like a charm therealso. If something worked that well, why change it?

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    If it Aint Broken Dont fix it right ? What was the motivation for the greatneo-conservative transformation that has been underwaysince 1980? In a word, greed. Another way to view itthough is the abandonment of fairness .

    Fairness is a policy approach that put people first and the

    interests of the powerful few second. Those powerfulinterests still made enormous sums of money in a FairEconomy but that wasnt good enough for them. Theydecided they wanted to make all the money by changing

    the rules of the game.They decided to turn labor into an internationalcommodity and turned their backs on the same consumerengine that made them wealthy in the first place.

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    Since 1980, a significant number of economic policyadvocates chose to cross over to the ethical Dark Side we are living with the consequences of that action today

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    What Now ?How do we reverse 30 years of really bad policy? How dowe get America back to work and how do we begin raisingthe standard of living for ordinary Americans once again?

    We start by focusing on the real problem and the realproblem is not the debt. The real problem is that our

    leaders and our industry no longer value the Americanemployee. Workers are now viewed merely as acommodity that ought to cost less, work more and caneasily be replaced by cheap labor from third world nations

    on a moments notice.We need to declare that Globalization has not worked asadvertised and in fact has destabilized our economy.

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    Its Time for New IdeasWe will need to get very creative, very quickly if we are tohave any chance to pull out of economic decline

    Here are some examples of possible new Jobs Policies:

    Support Community Banks (reinstate the 800 or so

    banks that have been shut down since 2008). Force large banks that received bailout money tolend to small and medium businesses.

    End the use of H1 visas, permanently.

    Enact the Jobs Export tax. (use that money to fund job training, business loans and actual jobs). Increase the % government contracts going to small

    business (to 35%). Eliminate Native 8a status.

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    Some more New Ideas

    Here are more examples of possible new Job Creating

    Policies: End all subsidies to Big Oil, use that money to invest

    in the new Green Energy infrastructure. Require that every university or college that receives

    federal funding establish a business incubator. Require everyone receiving unemployment to either

    take job training, perform job training for others orperform community service.

    Give the SBA loan authority to support employeepurchase or creation of companies.

    Exercise Anti-trust laws and break up mergers &monopolies rekindle competition in marketplace.

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    Why these Ideas Will Work

    The ideas listed share a set of principles, namely that

    there are more creative ways policy can drive job creation heres why they will work:

    Because banks either drive or restrict growth throughlending the past 3 years has been a study in whatnot to do e.g. bailout big banks who dont lend andshut down community banks that do.

    Because small business drives job creation andinnovation in this country we need to support it.

    Because employee-owned companies are focusedon America and American workers.

    Because competition not outsourcing and mergers drives real job growth.

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    Summary

    1. Fair Economics is Smart Economics. Fair Job Policy

    begins and ends with ensuring that ordinary Americanshave jobs.

    2. Globalization has not benefited ordinary Americans ithas not benefited the American economy and it has notbenefited the world economy. It has made a handful ofpeople who care nothing for America, very rich.

    3. Its time we talked about the real cause of our economicproblems and only then can we offer real solutions.Those solutions must focus on putting Americans ingood jobs, promoting lending and small business andby increasing competition.