Almost five years after the financial crisis, the American economy is still sputtering along and President Obama has not done enough to bring unemployment down to pre-crisis levels. While the President is now pushing a scheme to raise revenues from corporations and use that for more “infrastructure investment,” there are better ways to allow Americans to get back to work.
Michael Strain at the American Enterprise Institute has been hounding President Obama and the Democrats precisely for their failure to focus on jobs. Today, he’s got “14 Ways to Help the Unemployed Get Back To Work.” I’ll excerpt a few here, but the full list is required reading.
2. Lower the minimum wage for the long-term unemployed and for inexperienced workers, and couple it with an EITC-like payment.
7. Increase high-skill immigration.