- The Local Jobs for America Act proposes to spend up to $100 billion to create and save a million public and private jobs in communities this year. While a million jobs sounds like a huge number, let's look at the money spent on that task and analyze the premise.
What does it mean to "create and save"? If a person is laid off after, say, six months on the job, does this job still count as created or saved? Moreover, if you divide $100 billion by a million, you get $100,000. That's a lot of money to spend to "create or save" a single job that may or may not last.
Read the rest of this op-ed on AOL News.
By the way, Gina Misiroglu of Red Room put me in touch with the AOL people, which is one of the great ways she's bringing traffic to Red Room and getting attention for Red Room's authors.