Share what you know with millions of people
Focus is the best place to turn what you know into remarkable content
0
What can the federal government do to boost job creation?
An article on Reuters this morning suggested that the federal government could do more to boost job creation in the US. Ideas included streamlining the red tape process for infrastructure projects and making it easier for tourists to visit the United States. What else could the federal government do to boost job creation?
Events
- Dos and Don'ts of Small Business Marketing May 29 @ 11 am PT
- Lead Nurturing 202: The Next Generation May 31 @ 11 am PT
- The Tricks to Paid Media June 6 @ 11 am PT
- Display Advertising for Brand Awareness June 20 @ 11 am PT
Related Activity
6 Answers
If we want to improve the job picture the government needs to stop making it more economical to leave jobs in the US then moving them overseas. I was at a HR conference last year where a presenter stated that he was working with a client who wanted to move a call center to Wisconsin because they could do so cheaper then setting it up in India. Corporations are reporting record profits but they are investing that money overseas rather than supporting the country in which they are based.
Steps need to be taken where we balance what we provide to corporations with the good of the economic system so that we don't have to lay off teachers and police because we do not have the funds. The idea of the CEO of one company that suggested that if we wanted the jobs moved back to the US then we should give them a free pass on the taxes they would have to pay does not help anyone in this current state we are in.
simplify the tax code.
reduce the overhang of regulatory uncertainty.
cut spending (which will transmit the notion that we are serious about getting the house in order).
stop trying to help.
In many cities, there are 'opportunity zones' or similar, where there is tax abatement. However, there is no consideration for the unintended consequences of this government support on entrepreneurs. If my established competitor moves in (because they are big enough to make the investment) and gets tax abatement, while I am paying heavily for the privilege of doing business in town, in essence I am being asked to subsidize my competitor. It leaves me with less ability to hire new people.
Entrepreneurs create more jobs than big businesses. And we don't ask for bailouts when things don't work out!
I would like to see the Federal Government offer incentives for job creation. Those could be in the form of tax credits or even direct payments to companies that create X number of jobs.
I think the Federal Government could do more with mid-career retraining, something I think most people will have to go through at least once in their career as technologies continue to shift quickly. Here, I would like to see either educational credits or assistance directly to qualified individuals, or again tax credits or other incentives to companies that explicitly offer effective career retraining.
Finally, I think the Federal Government could consider helping people move from a place with no jobs (like Detroit) to a place with lots of demand for jobs like North Dakota or Nebraska (currently the states with the lowest unemployment in the US).
However, the Federal Government getting involved with moving people could be difficult to implement effectively, so maybe leave that one out until the other 2 have been tried.
Stp passing ridiculous laws and requirements that impede business. Reign in over zealous enforcement actions and get out of the way of business creating jobs. The laws are already there, we don't need more.
The toughest thing in the world for a politician to do is sit on his or her hands. They are compelled with the notion that they must "do something". In the case of the economy and job creation, the most meaningful something that can be done is to first do no harm.
Stop meddling in the economy. Stop trying to pick winners and losers. Stop bailing out big business and wall street. Stop dolling out our hard earned taxpayer dollars on giveaways to politically connected industries. Stop regulating small business to death.
Just stop.
President Obama just said on national television that part of the problem with the economy is ATMs and airport kiosks. Does he actually believe that automation, technology, and innovation somehow worsens the economy and takes away job opportunities? Wow.
We need a President who understands economics.
The next person running for President will walk away with a landslide if he or she says the way I am going to help create jobs is to get Washington out of the way and allow the job creators and entrepreneurs to flourish.
Answer This Question