Jun 01, 2012 | By Marge Clark, BVM
What will best improve the economy, and provide steps to greater equity in this nations? Jobs. Jobs with fair pay, safe working conditions, benefits, ….
The unemployment report this morning reinforces that these jobs are needed NOW!
House leaders SAY they are proposing bills to increase jobs – when they put forward legislation providing further tax cuts for the wealthy and businesses. They hold that these are the source of increased job creation. Hmm. We have had large tax cuts for the wealthy since 2001 and 2003 – a time when employment plummeted! Many who did invest in jobs did so overseas.
Even if additional tax cuts would spur increased hiring, it would take time – time we don’t have!
One influence on jobs is purchasing power, particularly of middle- and lower-income workers – who spend on necessary things as soon as they have the money. When they are not earning, they are unable to make purchases, and the need for manufacturing jobs falls. When workers are not earning commensurate with their qualifications and work requirements, they are less likely to spend, hoping for better days.
However, House members are also stymieing the purchasing power of many workers: