Jobs...Jobs...Jobs - 60 million hires in the first six months
Even before the Corona Virus shutdown, the US labor market had problems. Over 20 million Americans were not working as a result of the 2008 financial crisis. Many of these talented people could not even get interviews because of the “gap” in their resume. On top of that, over 50 million Americans filed for unemployment during the first three months of Corona alone. That’s over 70 million people out of work compared to a labor force of 160 million.
We support the Conservative and Private Sector driven JumpStart program to fix this problem quickly and efficiently. JumpStart works by bringing Individuals and companies together far faster than is currently possible. It provides complete visibility for each side of the market to the other and complete information about every available position. Job seekers do not even have to fill out applications or scour the market for opportunities.
JumpStart provides three critical impacts to the labor market:
- Puts over 60 million people back to work in the first six months as the Corona lockdowns ease by accelerating hiring into all types of positions and all types of skill sets.
- Drives a massive economic growth surge as re-employed Americans are able to spend at their normal household levels. This spending surge, in turn, drives the next wave of new job creation to handle the increased consumer demand. Economists call this effect the Virtuous Cycle of Economic Growth. We call it Prosperity for all American families.
- Eliminates hiring biases of all types. If you cannot get interviews because of gaps in your resume caused by the 2008 crisis (or for any other reason) JumpStart’s Talent focus eliminates the problem and gets you in the door. Further, if you are Black or Latino, you may feel you have to work extra hard to find great opportunities. If so, you are right. Countless studies have shown that Black and Latino job applicants suffer up to a 50% rate of negative hiring bias simply based on their name or address. “Hiring Bias” is a statistical term, we call it what it is - racial discrimination. JumpStart focuses on Talent and only Talent.
While the employment impact of the JumpStart program is critical for America’s economic recovery, its ability to eliminate hiring biases is critical for America’s moral health. One of RightNowMN’s Five F’s is Fairness. If all do not have full access to the American Dream, there is no American Dream.