HERE IS MY IDEA FOR JOB CREATION and UNEMPLOYMENT – tell me why it is a great idea or bad idea

IDEA

The problem with many job training programs is that there are no jobs once trained.  Or, you can have the problem in a small community where you have a classroom full of 30 people learning heating repair but only one job is open (and the other 29 students have houses under water and can’t sell their houses and move 100 miles where there might be a job.)

So here is my idea…it is simple…and is a job tailored jobs program:

Offer to any and every business a one year tax credit (not deduction) of $30,000 (or some other number) IF they take on someone (over the age of 30?) who has been out of work a year or more as an ‘intern.’  Every cent of that $50,000 must be passed on to the intern.  It is a one year deal with no benefits to that intern – other than a paycheck of $50k.

In that one year, that intern can hustle, learn a skill that is actually needed, and make himself or herself valuable to the company so that at the end of one year, with hustle and determination, make himself or herself indispensable to that the business owner who will then, at the end of the year, hire that intern as an employee.

We don’t over train with my idea and we have specific training with known possibilities of future jobs.

The cost to the employer? Zero since it is a tax credit and not tax deduction.  The employer gets to train a potential full time employee, get productivity out of that intern, and learn whether that intern will / can help the business’ bottom line.

Who pays for this?  Indirectly all other taxpayers since it is less revenue to the US Treasury but it is offset.  It is offset by the intern paying taxes on the $50k, buying products (food, clothing and shelter which revs up the economy) and he/she will not be getting unemployment benefits (paid for by the taxpayer.)

The idea is to make it simple….and effective.  We don’t need a lot of regs or a tone of paperwork.  In the courtroom we call it the KISS rule (KEEP IT SIMPLE STUPID.)

So…the above is MY idea.  What do you think?

 

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