If in fact the unemployment rate is actually nearer to 20% (if you include those working part-time or the employees given less hours, or those who have simply given up looking for a job) then what if every five (5) Americans made a conscious decision to pool money (rich and poor, small and medium-sized enterprises (SMEs) and hire one unemployed or under employed person to a job with a decent pay scale or level, with benefits and make them a productive member of our society and net contributor to our national economy. I understand this sounds very idealistic. But the economics of full employment, increase in tax revenues and spending by those newly employed far outweigh the negative drag unemployed persons are on our national economy.

"The 23 million SMEs in the EU represent 99% of businesses, and are a key driver for economic growth, innovation, employment and social integration." - Source: http://ec.europa.eu/enterprise/policies/sme/

In the USA SMEs generated 60 to 80% of net new jobs annually over the past decade (pre-2005) and represent an estimated 99.9 percent of the 25.8 million businesses in 2003. See: www.ilr.cornell.edu/international/.../BERLIN%20SME%20report.pdf

Regardless of whether the percentages are exact or current, if we have a tax credit for hiring people and private citizens were given a tax credit for creating jobs by pooling money, there should be greater employment and more prosperity.

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Come Cruise with Thom Hartmann in July 2020

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