Unemployment is the most important problem faced by our country today. Unemployed has high emotional quotient, while the employed are in need to provide the wealth and revenue for individuals, families and government. Employment is in a crisis and it is indispensable to find out the ways to reduce the problem. Employment problem is not only an economical issue. Our Country will be subject to the will of foreign countries, especially China, so it is a political and security problem too. It is crucial to have an outlook of our economy and its future. Jobenomics written by Chuck Vollmer is a great resource to gain an understanding of unemployment rates. Vollmer stresses the importance of creating 20 million new jobs by 2020 in this book. If you want to buy this book, just go to www.jobenomics.com.
At present, 106 million people are employed in the private sector in our country. 15 million people are officially unemployed and they get more attention. Of course, it is important to care the needs of oppressed sector in a society. However, facilitating new jobs creation is much more important. If new job opportunities are created, the unemployment rate will reduce significantly. Creating government jobs will not help more. Instead, creating new jobs in small businesses in the private sector will help to improve our economy.
The official unemployment rates are mostly misunderstood by policy makers and economists. Our country needs to pay more attention to elements that can create new jobs and produce wealth and revenue. It is not advisable to use unemployment statistics as a key factor in making policies. Unemployment is a sign caused by lack of good job opportunities or even lack of interest in doing some work.
We can achieve prosperity by creating new jobs. We need to increase our workforce from 106 million to 126 million by 2020. 20 million new jobs in the private sector by 2020 is indeed an achievable goal. This is the main subject of the book Jobenomics.
Our economy lost a million jobs in the private sector in the last decade for the first time since the Great Depression. As our economy was flourished well, we stopped creating new jobs over the last three decades. Prosperity has made private and public sector to be careless about new jobs creation. The economic downturn gives an alarming tone. Now economists, policy makers and opinion leaders begin to talk about the need for creating new jobs. Though rhetoric is good, implementation is not productive.
Optimists believe that the employment scenario will improve, as our economy recovers. Some others warn that US employment crisis will become worse, due to global competition, chronic unemployment and failed government policies. In a sluggish economy, it will be difficult to regain. However, understanding the US workforce is the key to reduce the problem of employment crisis. Jobenomics gives you an insight into the jobs growth losses in the past decades in our country. It gives a hope that 20 million new jobs by 2020 are possible. You can buy a copy of this book by visiting www.jobenomics.com to read it fully.