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reply to post by Rezlooper
I agree with you, we shouldn't increase the minimum wage. Here instead is what I would do.
1.Start a college program to make college free to anyone who keeps and maintains a 3.0 average. We can make a small cut in the defense budget, say retire two nuclear subs,and I imagine it would put several thousand kids through school every year in savings (imagine what it costs to operate and maintain 2 nuclear subs in a year and you can imagine how much college this could pay for).
2. For people going into engineering or science, make small business grants available if they come up with a business plan that employs at least 3 people.
3. For every living wage job created, give them a tax credit. They can only collect on the credit for as long as the position exists. (Then STOP giving tax breaks to the rich) Tax breaks will ONLY be contingent on verifiable job creation. No more free lunch.
4. The companies that survive will pay a small tax into the finance pool for educating more scientists and engineers, who will in turn provide an educated domestic workforce. No more need to write H1B1 visas.
We need to stop shoring up crappy jobs and focus on creating good ones, that will encourage innovation and creation of new technologies.
We can raise the minimum wage, and create 100s of millions of paycheck to paycheck service jobs and have a 3rd world economy, or we can rebuild our economy with jobs that pay middle to upper middle class wages, and make America a industrial powerhouse for the 21st century. I think we should do the latter. It may take a few years to get going, but we could end up with a recovering and stronger economy in 10 years. We are never going to compete with China if our biggest labor force is a bunch of burger flippers.edit on 26-12-2013 by openminded2011 because: (no reason given)edit on 26-12-2013 by openminded2011 because: (no reason given)
reduce corporate tax rates and abolish VAT for basic goods = more people can be employed, get payed better AND can actually afford the goods they need for their money = create real aggregate demand AND a higher average QoL in the process.
Makes me wonder what percentage of people on this site hold down a job. Is Ats for the poor who have lost their job or the rich with too much time on their hands?