Reason Foundation

Reason Foundation

Seven Short-term Ideas for Improving the Economy and Job Market

Anthony Randazzo
September 10, 2011, 8:21am

Last week I wrote a suggested jobs speech for President Obama that would emphasize the reality that we will not see a return to full employment or strong economic growth for several years to come, and articulate the fact that our economy has some serious structural challenges facing it.

Despite challenges such as misaligned skills in the work force, a debt supercycle that still requires years of deleveraging with households contributing more towards savings and paying down debt than towards consumption and investment, and transformations in the structure of economic productivity, there are things we can do that will help in the long-term.

Admittedly, many of the benefits from these reforms will be long-term in nature. So with that in mind I also propose seven initiatives that will benefit the economy the short-term without ignoring the long-term structural problems we still face:

Naturally, these collectively will not solve the problem. There are long-term, structural issues that we need to address, so I propose seven objectives for long-term reform:

See “Seven Long-term Ideas for Improving the Economy and Job Market.”

See the whole Reason jobs speech here.

Anthony Randazzo is Director of Economic Research

Print This