The importance of education is stressed from the moment we are born. Our parents teach us to speak, read, and write with hope that we can make it to an ivy league college, get a GED, go on to grad school for 2- 4 years (maybe more), and then continue on to get a good job and comfortable life. But is it really all that easy? I have become interested in the issue of unemployment do to the outstanding numbers of people with this problem, even after they have been through this rigorous educational process.
Today, the unemployment rate is at or around 10%, meaning that about 15 million people are unemployed in the United States
Through this blog I hope to discuss the causes and effects of unemployment, the possible solutions, and what our government really plans to do about this issue as we move through the mid-term elections.
As a student in a large university following the “education” track to get a job, I really appreciate your post on unemployment. It’s a common stressor for college students, who are constantly looking forward to and preparing for their next stage of life. The unemployment rate has managed to strike fear into the whole population of America, not just upcoming graduates. I agree with your statements about government created jobs. A while back, the government announced the creation of a large amount of jobs. These jobs were temporary and only created for the purpose of the 2010 Census. While the jobs made it seem like there was a large decrease in unemployment, it only concealed the problem that was still left. I like your idea about building up businesses as a way to decrease unemployment, while stabilizing the economy for a longer time period. Still, I’m not sure if tax cuts would be the best way to bring about this goal. Maybe tax reductions for small businesses, which desperately need some help to contend with competition from large corporations, would be extremely beneficial. Either way, the only way the economy will get better is for the government to restore confidence in American-owned businesses, but how that will be done I’m not too sure.
ReplyDeleteYou make an excellent point. Lowering taxes is exactly what the government needs to do in order to create more jobs. If firms are taxed less then they will easily be able to spend more money on expanding their business, thus creating more jobs in the process. Lower taxes for U.S. citizens would also help to speed this process up as people will have more freedom to purchase more luxury and expensive goods which will also help businesses expand and create job opportunities. The government also needs to help people maintain their jobs before they start figuring out how to create jobs. Just pouring money into the economy really hasn’t done much to help people get jobs or keep their jobs. The stimulus bill did not help unemployment as the president said it would and now it is up to the government to try something new to stop job losses. The only way I think the government will be able to fix unemployment is by listening to the ideas both parties have to offer. Tax cuts are definitely a first step to this problem, but alone it will not be able to cure this failing job market. Our government has proven that just throwing money at the unemployment crisis does not make it go away. Congress must act quickly but also consider the pros and cons of each idea offered, and then from there formulate the best plan possible to stop unemployment and get American citizens back to work. I too have a blog about this problem, and I will be very interested to see if we have similar or conflicting views on the best way to eliminate unemployment.
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