We've got way too many people sitting on the sidelines.
Minimum wage reduction won't have any meaningful effect. People are on the sidelines because their meaningful jobs are being filled by decently educated and trained people in other countries. Education funding and reform WILL have en effect.
But it won't happen overnight, and its effects won't be seen in an election cycle, so probably nobody will be able to do something like increasing funding while at the same time creating more choice in distressed areas.
Minimum wage reduction won't have any meaningful effect. People are on the sidelines because their meaningful jobs are being filled by decently educated and trained people in other countries. Education funding and reform WILL have en effect.
But it won't happen overnight, and its effects won't be seen in an election cycle, so probably nobody will be able to do something like increasing funding while at the same time creating more choice in distressed areas.
I'm all for education reform, and will preach to anyone that will listen about the changes underway in New Orleans public education. I do think we can do it right without increasing funding, though (and may have to, since we're sorta broke right now). We've jacked up spending on education for 40 years without much to show for it.
Anyway, I was looking to the shorter term, things we can do relatively quickly that might bear fruit in the next few years, not things that might not become visibile until the next generation. Because that generational change might get derailed if we have a chronically underemployed bloc of 20+ million people in those same homes.
I'm all for education reform, and will preach to anyone that will listen about the changes underway in New Orleans public education. I do think we can do it right without increasing funding, though (and may have to, since we're sorta broke right now). We've jacked up spending on education for 40 years without much to show for it.
Anyway, I was looking to the shorter term, things we can do relatively quickly that might bear fruit in the next few years, not things that might not become visibile until the next generation. Because that generational change might get derailed if we have a chronically underemployed bloc of 20+ million people in those same homes.
I'll agree that short term corrections are welcome as well, but still disagree with the suggested remedy in this thread. I don't see it as coincidence that the economic recession happens to coincide with unprecedented income inequality, so I don't believe that exacerbating the trend of income inequality is likely to be a productive short term fix to economic depression.
Minimum wage reduction won't have any meaningful effect. People are on the sidelines because their meaningful jobs are being filled by decently educated and trained people in other countries. Education funding and reform WILL have en effect.
But it won't happen overnight, and its effects won't be seen in an election cycle, so probably nobody will be able to do something like increasing funding while at the same time creating more choice in distressed areas.
i believe in education and all that, however, just getting a better educated population 15 years from now is not going to bring back the jobs in mexico, china, korea and india where the cost of labor, cost of environmental standards, and cost of supply line integration are all lower and remain to be lower.
Americans have priced themselves out of the labor market for a number reasons, be it health care cost, pension cost, inability to build in area's due land management restrictions and the relatively low cost of transportation.
the only viable solution is to impose tariffs on imported goods to balance out the cost of production in a foreign country.
I like this idea. I'm no economist, but I like reducing minimum wage. It "could" add to more employment and reduced prices of goods due to reduced demand. It's risky, as it could do neither of those things, but hey, if we're sinking anyway, might as well toss out any idea.
psst.. if you hire illegals and pay them in cash they will work even cheaper without complaining because they dont want to be deported. Silly businessmen learn from California.
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25 of us went into the jungle that night, only 5 came back out.
It is, but there are loop holes for tipped employees. I know a lot of waiters only make like 2 or 3 bucks an hour around here, plus tips. Problem is, restaurants take advantage of that low wage and have waiters and waitresses do tons of prep and clean up after hours since there wage is cheaper then paying the bus boys.
That's not taking advantage, it's part of the job.
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