Recession Recovery? Where..? When? How..?
I do not know about you but I keep hearing more and more bad news about the economy on all of the different media channels. What we need is some good news, irrespective of how minute impact it does to this economy.
I don’t want to rant about more bad news here but let’s look outside of US. China is doing great. India is not doing badly. Japan is back in shape and UK is seemingly showing progress in its economy.
I was speaking to a senior member of the Church of Scientology who, just came back from a Asia and Europe tour. I was picking his brain on his experiences on the street (Part of his job is to ’spread the word’ and enroll needy members into the Church). He had visited in Nov 2008 and this visit was totally different. This visit was lot better in terms of donations to church and he saw a lot more friendly smiles.
So, what is it that we are missing? My friend then turned his conversation ‘American greed’. He had heard this mentioned by the non-US members of his church. It was clear to everyone outside of US that American corporations are greedy and that it is self-destructing jobs and hence economy recovery is far away if not impossible.
I am not sure if I agree with them but lets say assume that American corporations are greedy.
So what?
We should not look at the Government to fix anything that happens but we got to put some kind of mitigating process in place
- Rather than expecting President to do something, ask the corporations to give back - when you came to our cities, we supported you with jobs, real-estate and such. Now its your responsibility to give back
- The jobs that are eliminated should be sent to Job elimination monitoring committee (JEMC – OK, I made this up!) which should decide on a case-by-case basis and recommend the corporation to hold-off or go ahead. Corporations should prove that Job elimination is not just for monetary reasons but for lack of talent, etc (If H1-Visa requires some mandate that the petitioning company need to prove lack of talent in USA, why not JEMC? )
These are some of my suggestions and I think the US should consider getting unemployment below 6% as the top priority for the economy to grow positive.
