American Jobs Act

In contrast, to existing legal acts, the American Jobs Act’s basic idea is to turn a worker’s unemployment benefits — which usually last for 26 weeks, but have been extended to 99 weeks in 21 states with especially high unemployment — into “reemployment” benefits: providing income while being trained in a new job (Matthews, 2011, para. 4). In such a way, the American Jobs Act will encourage training and reemployment in the US, which is essential in the time, when Americans lose their jobs. In such a context, the American Jobs Act will have dubious effect. On the one hand, the Act will create better employment opportunities for employees, because, if they train, the develop new skills, abilities and qualifications. Then they become more flexible in the labor market. On the other hand, employees, who train, receive financial support that allows them to maintain normal standards of living.

In this regard, the key is to give states more flexibility to use those unemployment benefits to get unemployed workers back into productive jobs, which, if done correctly, will save the state money (Matthew, 2011, para. 5). In such a way, the American Jobs Act will also help to save public funds that is crucial in the time of economic recession. The saved public funds can be used for the stimulation of business activities at both federal and state levels. Moreover, the saved public funds can be invested in social and health care programs to support those in need.

In fact, the key points of the American Jobs Act are as follows:

Tax Credits and Career Readiness Efforts to Support Veterans’ Hiring (Putting Workers Back on the Jobs, 2011);

Preventing Layoffs of Teachers, Cops and Firefighters (Putting Workers Back on the Jobs, 2011);

Modernizing Over 35,000 Schools – From Science Labs and Internet-Ready Classrooms to Renovated Facilities (Putting Workers Back on the Jobs, 2011);

Making an Immediate Investment in Our Roads, Rails and Airports (Putting Workers Back on the Jobs, 2011);

Establishing a National Infrastructure Bank (Putting Workers Back on the Jobs, 2011);

Expanding Access to High-Speed Wireless in a Fiscally Responsible Way (Putting Workers Back on the Jobs, 2011).

Therefore, benefits of the American Jobs Act for the US labor market are evident. In this regard, it is worth mentioning the fact that the US needs consistent changes to help unemployed Americans to find a job and get better training. In such a way, they can get better employment opportunities and they will get a chance to find better, well-paid jobs. At any rate, the American Jobs Act has to be implemented because this is an essential legal measure to stimulate the revival in the labor market and improvement of the position of American employees. In fact, this is one of the few legal initiatives that aim at helping American employees but not large corporations and the Act has to be introduced to help American employees to survive.

 

REFERENCES:

Anonymous. (2011). Putting Workers Back on the Jobs. Retrieved on December 3, 2011 from http://www.americanjobsact.com/putting-workers-back-on-the-job.html

Condon, S. (2011). “Obama Appeals to Congress to Pass American Jobs Act,” CBS News. Retrieved on December 3, 2011 from http://www.cbsnews.com/8301-503544_162-20103581-503544.html

Curtis, C. (2011). American Jobs Act. Retrieved on December 3, 2011 from http://www.whitehouse.gov/blog/2011/09/09/american-jobs-act-read-all-details

Matthews, M. (2011). “One Good Idea in Obama’s American Jobs Act,” Forbes. Retrieved on December 3, 2011 from http://www.forbes.com/sites/merrillmatthews/2011/10/06/one-good-idea-in-obamas-american-jobs-act/