Reason asks economists, writers, and wonks for real ways to increase job growth
In an effort to produce real free-market ideas for boosting employment, Reason asked some of their favorite economists, writers, professors, and entrepreneurs for one concrete policy change they would recommend that would increase job growth. Here is an edited list. Link to Reason for more info:
Pass the bipartisan Small Business Lending Enhancement Act—S. 509 by Sen. Mark Udall (D-Colo.), and in HR 1418, by Rep. Ed Royce (R-Calif.)—to lift the aribitrary cap on business lending by credit unions. The Credit Union National Association estimates that easing this barrier would create over 140,000 jobs in the first year and thousands more in the years after that.
Congress should stop extending unemployment benefits, and better yet, restructure the unemployment insurance program or block-grant it to the states to allow them to experiment with ways of doing so. The idea is to change the program so it creates an incentive for recipients to get a job, rather than an incentive for them to remain unemployed.