Comments on: How to boost employment http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Woltmann http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21599 Tue, 07 Dec 2010 13:37:22 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21599 Quit supporting housing prices at outrageously out-of-whack levels by backstopping the banking and mortgage industry. Get houses back into the hands of owners, not banks. Getting the home sales, repair and remod sectors back to work will probably lop 20% off the unemployment rate ..

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By: rahumkc http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21531 Mon, 06 Dec 2010 02:02:58 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21531 When the populace balks at extending federal unemployment benefits – it is the ideal time to start convincing them of creating an employer of last resort (ELR). The same money that would fund extending benefits can be used to create the ELR – and the fact that people would be working instead of just consuming money give voters the comfort that utility is being generated and money is not being wasted. The ELR is also useful for the unemployed in that it gives them a floor on wages that will never be taken away from them – so they won’t have to obsessively worry about taking care of their family and can afford to invest their own time and resources to retrain themselves into higher paying jobs and thus quit the ELR. The ELR by acting as a buffer stock of employment helps in the smoothing of the business cycles and also prevents the labor stock from losing their skills (and more importantly morale).

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By: pvince99 http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21527 Sun, 05 Dec 2010 19:17:31 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21527 You financial types; give money to the banks. You’re joking.
Look to FDR. Recreate the CCC, the WPA. It seems the Federal
government is the only potential agent in town. It’s up to Obama,
if he has the cojones.

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By: MitchW http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21526 Sun, 05 Dec 2010 19:05:49 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21526 “We’ve learned the hard way that homeownership can cause more harm than good…”

False. We’ve learned that home buyership causes lots of problems, but I’ve yet to hear a convincing argument as to why home ownership is a Bad Thing.

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21522 Sun, 05 Dec 2010 06:50:18 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21522 Penalties to take business, money, jobs away from USA, and more incentives to keep them in…

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21518 Sun, 05 Dec 2010 04:39:53 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21518 Dan, those workers work their butts off and it’s back breaking work, where you need to be nomadic. Yes they woul dhave to take those obs, but seriously how many Americans are used to such hard labour with little compensation and no benefits?

The answer is few would, but if you have a family to feed then most would. If you were one of those ‘folks’, would you? More importantly, COULD you work 12 hours in the hot sun 7 days a week for less then minimum wage?

I am betting the farmers prefer the Mexicans as they are used to the labour and didn’t follow through themselves.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21516 Sun, 05 Dec 2010 03:37:43 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21516 I see nothing particular about unemployment insurance as a way to boost employment.

A deflationary spiral is very destructive for jobs and to the extend that unemployment benefits pump money into the economy, indeed they will ‘save jobs’.

But they don’t seem to be better for creating jobs than any other avenue for pumping money in (tax cuts for the poor, for the rich, or for guys names James), QE2, QE3 or QE29. All of these push against deflation. And none of these disincentivize work, unlike UI.

Between disincentivizing work and pumping money in, I don’t think we know if UI has increased or decreased unemployment at all. The 793,000 figure is hilariously precise!

Indeed one thing we do know is that an awful lot of unemployed people are avoiding jobs that suck. Remember the campaign by United Farm Workers, “Take our jobs please”?
http://money.cnn.com/2010/07/07/news/eco nomy/farm_worker_jobs/index.htm

Out of millions and millions of unemployed, only dozens followed through. The Great Depression this is not. Would folks go for these unpleasant jobs if they didn’t get the same amount of money to not work?

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By: lambertstrether http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21515 Sun, 05 Dec 2010 02:41:18 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21515 We need a jobs guarantee:

http://neweconomicperspectives.blogspot. com/2009/08/job-guarantee.html

Not only has that policy been shown to work (see the link) it will solve our aggregate demand problem.

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By: TFF http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21497 Sat, 04 Dec 2010 11:02:06 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21497 My guess is that small-business loans are not as damaging to banks because they don’t issue them lightly or in excessive amounts. I imagine $500,000 mortgages are more common than $500,000 small-business loans.

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By: mattlehrer http://blogs.reuters.com/felix-salmon/2010/12/03/how-to-boost-employment/comment-page-1/#comment-21491 Sat, 04 Dec 2010 00:14:37 +0000 http://blogs.reuters.com/felix-salmon/?p=6413#comment-21491 Can you elaborate on why “souring small-business loans don’t destroy local banks in the way that souring mortgages do”? I can see them being less correlated and have other ideas but wondering what you mean. Thanks.

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