Issue Position: Jobs: Getting our Economy back on Track

Issue Position

By:  David Schapira
Date: Jan. 1, 2012
Location: Unknown

The middle class is the engine that drives our economy. In order to create jobs, we have to create demand, and that demand comes from the purchasing power of middle class families. Waiting for the "trickle-down" effect of tax cuts to millionaires and billionaires is not the solution to getting our economy back on track. There are sensible solutions to get our economy working again. First, we must stop subsidizing the jobs of yesterday by doing away with huge tax breaks for big-oil and corporations that are moving jobs overseas and start investing in the jobs of today and tomorrow. Creating incentives for solar and other renewable energy technologies will boost our economy and ensure that American innovation is responsible for the growth of new industries. Besides alleviating a critical need, rebuilding our crumbling and outdated infrastructure can bring high-paying jobs to our community, kick-start our economy and provide for a more sustainable future.

Second, we must promote entrepreneurship and innovation. There's no way around it, as a nation, we need to improve in math and science to compete globally. However, improving our K-12 education system won't be enough if we don't do something about the affordability of higher education. Students today graduate college saddled with tens of thousands of dollars of student loans. Taking the risk of starting a business is an unthinkable idea to a recent graduate who is already in debt. Reducing this burden will pay dividends in allowing the next generation of business owners, inventors and innovators to build the economy of tomorrow.

Finally, we need to prepare tomorrow's workforce by improving our education system. This is vital for America's economic future. Competition for high-skill, high-wage jobs has historically been between communities or states, but times have changed. China has more honor students than America has students, and while we lose jobs to China today because of low labor costs, we will lose jobs in the future for having a less qualified workforce. We need to prepare today's students for careers that don't even exist yet. The way we can accomplish this is by finally making well-rounded education a national priority. .