This doesnt need to be a pipe dream, but the researchers argue it will require the right combination of government policies to coax big businesses to let their cash flow. In particular, the group calls for more government spending and debt relief measures for households in order to shore up consumer demand. This, coupled with greater taxes on business cash reserves, could force companies to start reinvesting again in the economy.
There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis, the researchers write. Rather, through a combination of policy measures, overall demand can be strengthened and the credit constraint weakened. This will be the combination of measures necessary to start fulfilling the needs of U.S. citizens for decent job opportunities at all levels.
While the report doesnt single out specific businesses, MainStreet has previously reported that many well-known companies like General Motors (Stock Quote: GM) and Western Digital are currently sitting on billions in net cash reserves.
Seth Fiegerman is a staff reporter for MainStreet. You can reach him by email at [email protected], or follow him on Twitter @sfiegerman.
Big Businesses Have Enough Extra Cash to Create 19 Million Jobs | Employment | Career | Mainstreet
There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis, the researchers write. Rather, through a combination of policy measures, overall demand can be strengthened and the credit constraint weakened. This will be the combination of measures necessary to start fulfilling the needs of U.S. citizens for decent job opportunities at all levels.
While the report doesnt single out specific businesses, MainStreet has previously reported that many well-known companies like General Motors (Stock Quote: GM) and Western Digital are currently sitting on billions in net cash reserves.
Seth Fiegerman is a staff reporter for MainStreet. You can reach him by email at [email protected], or follow him on Twitter @sfiegerman.
Big Businesses Have Enough Extra Cash to Create 19 Million Jobs | Employment | Career | Mainstreet