Quote:
Originally Posted by finnbow
Corporations are not going to hire until consumer demand outstrips their ability to produce with their existing workforce - simple as that. Whether we like it or not, they are not incorporated to produce jobs, but to produce goods and services and make money from selling said goods and services (which requires jobs to fulfill). They would not be fulfilling their fiduciary responsibilities if they were to go out and hire, willy-nilly, out of some altruistic motivation to decrease unemployment. It just doesn't work that way.
As for corporate taxes, the US is among the highest among the countries we compete with. What's driving the train now is economic uncertainty - nothing more, nothing less. There are no silver bullets for this economic mess were in, I'm afraid.
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What I see as the problem, then, is that most of the investment in the stimulus has gone toward increasing capital. programs that were supposed to spur job growth has ended up in the hands of the corporate powers instead of being passed on to the workers. Perhaps more of the stimulus should have been directed toward building and repairing infrastructure. Funds appropriated toward that would have to be spent on putting people to work fixing roads, rebuilding crumbling bridges, etc.
With the emphasis of making green investments with the stimulus money, a considerable amount of it should be directed to building the infrastructure for expanded mass transit in the cities. Viable mass trasit would reduce the miles driven by commuters, shoppers, vacationers, etc. It would create jobs for drivers, attendants, maintenance workers, mechanics, ticket agents, not to mention the enormous number of construction jobs. But, of course, the oil companies would not like it, so never mind.
Regards,
D-Ray