Re: [Pen-l] Dean Baker: Getting the most bang for the stimulus buck

[Jim Devine <jdevine03@xxxxxxxxx>]

good idea! how likely to be implemented?

On Tue, Jan 13, 2009 at 10:33 PM, Sandwichman <lumpoflabor@xxxxxxxxx> wrote:
> Dean Baker has made this old Sandwichman very, very happy. Point seven
> of Dean's "Yes, We Can Make the Stimulus more Stimulating</a>":
>
> http://www.cepr.net/index.php/op-eds-&-columns/op-eds-&-columns/yes,-we-can-make-the-stimulus-more-stimulating/
>
> 7) Pay for shorter workweeks and more vacations
>
> The United States lags the rest of world in that its workers are not
> guaranteed any vacation time, sick leave, or family and parental
> leave. In Europe, five or six weeks a year of paid vacation is
> standard. Also, all Western European countries guarantee their workers
> some amount of paid sick leave and paid parental leave.
>
> The stimulus gives us a great chance to catch up with the rest of the
> world. The government could make up the pay for two years for any paid
> cutback in hours, up to 10 percent of total hours worked in a year and
> $3,000 per worker. This means that if a firm offered workers who
> previously had no paid vacation five weeks of vacation a year, the
> government would provide a tax credit to pick up the tab, up to $3,000
> per worker. Similarly, if they extended 10 days of paid sick leave,
> the government would provide a tax credit for the amount actually
> used. If employers of 70 million workers (half of the labor force)
> received an average tax break of $2,500, the cost would be $170
> billion a year.
>
>
>
> --
> Sandwichman
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-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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