« Revive The Fairness Doctrine | Main | CA's Budget Problem Is Paragraph 10 »

February 16, 2009

5 Million New Jobs Instantly

-- by Dave Johnson

Dean Baker explains how to put 5 million people into jobs right away, in

Quick, What's Wrong With a Tax Cut that Shortens Work Hours?For example, if employers of 50 million workers cut hours by 10 percent, and then seek to replace the lost hours with additional workers, they would need to hire 5 million workers. If they got a $2,500 credit per worker, this would cost the government $125 billion a year.

There seem many benefits to going this route, and no obvious disadvantages. First, it can be put into place immediately. The day Congress passes the legislation employers can begin adjusting work schedules to benefit from the tax cut. In other words, this proposal is as shovel ready as it gets.

Please read the whole piece -- it is for real.

Posted by Dave Johnson at February 16, 2009 8:36 AM


Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Remember me?

Email this entry to:

Your email address:

Message (optional):

Return to main page