what sort of economic policy government could use to reduce unemployment?

Answer 1

The most developed countries have aids for the unemployed as part of the welfare state. These unemployment benefits include unemployment insurance, welfare, unemployment compensation and subsidies to aid in retraining. The main goal of these programs is to alleviate short-term hardships and, more importantly, to allow workers more time to search for a good job.

In the U.S., the unemployement insurance allowance one receives is based solely on previous income (not time worked, family size, etc.) and usually compensates for one-third of one's previous income. To qualify, one must reside in their respective state for at least a year and, of course, work. While 90% of citizens are covered on paper, only 40% could actually receive benefits as unemployment is based on an antiquated system created in the Social Security Act of 1935. In cases of highly seasonal industries the system provides income to workers during the off seasons, thus encouraging them to stay attached to the industry.

Answer 2

1.Cut Taxes
2.Subsidize Buisness Investment
3.Increase Government Spending
4.Increase Exports
All are Fiscal Policy
All will increase GDP and cause firms to hire more labor

Engage in policy to reduce the intrest rate structure
This is a monetary policy by the Federal Reserve

The negative effect of most of these is an increased price level (otherwise known as inflation)

Answer 3

Any expansionist policy. No, not communism, which only precipitates massive underemployment.

Any time you increase demand for a product, you increase hiring. The government can offer rebates, outright purchases, reduce consumption taxes, etc.

Answer 4

the perception rather frequently used is to borrow now and pay later. that is executed through inflating the overseas money through printing more effective money or perhaps if through issuing nationwide bonds to advance the nationwide debt. both one in each of those guidelines will provide the authorities with an more effective income which will be utilized to employ public servants to finish initiatives that advance the infra-structure of our environment. even if at the same time as this coverage stops there'll in no way be overfull employment to take on the extra exertions. for that reason the Phillips idea of planned inflation and finished employment ought to finally fail and the precedence is not any more effective positive than previously. certainly that is worse, via inflation more effective money is being lost through the authorities in paying interest on its borrowing and the savers have also got here across that their money has lost spending potential. So in case you actually pick to reduce unemployment you pick to both: a) advance a coverage of reliable and non-stop inflation or b) make the opportunities for employment more effective through preventing the intense fee of production, via exaggerated intense land-values. through introducing a tax on land-values there'll be a reducing of land expenditures and speculators would ought to bypass elsewhere at the same time as instantly ahead operating adult males will locate it more effective instantly ahead to be employed now that danger to paintings has been made more effective even. TAX TAKINGS no longer MAKINGS.

Answer 5

Abolish the minimum wage...

The minimum wage outlaws tons of jobs that would otherwise be undertaken.

Abolish it and unemployment would decrease dramatically.

Answer 6

It is called communism

Answer 7

Stay out of the way as much as possible.