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Why President Obama Should Care About 'Care': An Effective and Equitable Investment Strategy for Job Creation

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Author Info

  • Rania Antonopoulos
  • Kijong Kim
  • Thomas Masterson
  • Andajit Zacharias

Abstract

In his State of the Union address President Obama acknowledged that "our most urgent task is job creation" - that a move toward full employment will lay the foundation for long-term economic growth and ensure that the federal government creates the necessary conditions for businesses to expand and hire more workers. According to a new study by Levy scholars Rania Antonopoulos, Kijong Kim, Thomas Masterson, and Ajit Zacharias, the government needs to identify and invest in projects that have the potential for massive, and immediate, public job creation. They conclude that social sector investment, such as early childhood education and home-based care, would generate twice as many jobs as infrastructure spending and nearly 1.5 times the number created by investment in green energy, while catering to the most vulnerable segments of the workforce.

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Bibliographic Info

Paper provided by Levy Economics Institute, The in its series Economics Public Policy Brief Archive with number ppb_108.

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Date of creation: Jan 2010
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Handle: RePEc:lev:levppb:ppb_108

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Web page: http://www.levyinstitute.org

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Cited by:
  1. Greg Hannsgen & Dimitri B. Papadimitriou, 2010. "The Central Bank 'Printing Press': Boon or Bane? Remedies for High Unemployment and Fears of Fiscal Crisis," Economics Working Paper Archive wp_640, Levy Economics Institute, The.

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