As the nation continues to sled through this employment recession, the Obama administration, Congress, governors, mayors and economists grasp for job creation strategies.
Indeed, the nation is experiencing by far the most dismal performance of job generation following any of the 12 recessions since the Great Depression. The country has 5 percent fewer jobs today - a loss of 7 million jobs - than it did at the start of the recession in December 2007. Millions of unemployed Americans are teetering on the precipice of permanent unemployment.
As a partial cure to this plight, I propose the creation of what I'll call "timeshare jobs." I'll admit, the thought of "timeshare jobs" may sound drastic. But drastic times call for drastic measures. And it's about time we admit that what we're doing - or not doing - isn't "working."
Copyright © 2014 Inside Business – The Hampton Roads Business Journal. This article first appeared in Inside Business: The Hampton Roads Business Journal (2014), 1-2
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Taylor, Porcher L., III. "Timesharing of Jobs Could Cure Unemployment."Inside Business: The Hampton Roads Business Journal, 2014, 1-2.