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A New New Deal?
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10-28-2008, 03:48 PM
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KignPeeseeamn
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Oct 2005
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Originally posted by Swissy
It wouldn't help much as I don't see former $50K a year financial industry workers taking up contruction jobs, even if they pay similarly. The country could use the infrastructure work. I know my state, Illinois, has tons of roadwork projects just awaiting funding. Ok, so finance people would have trouble finding jobs. Meanwhile, maybe a whole bunch of poor people would suddenly find themselves with available jobs that paid decently. Then, when the economy turns around (which it eventually will in any case), those $50k/year finance people would find jobs. Trick up economics.
I don't know if it would work... the economic effects of FDR's public works programs were unclear, IIRC. But, given that there does seem to be a need for infrastructure investment, I figure try it.
-Arrian
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