Kenneth Fisher, the billionaire CEO-owner of Fisher investments, isn’t worried that America doesn’t have enough jobs for its millions of willing-to-work unemployed.
On the contrary: He–and no doubt many other wealthy CEOs–believe there are too many jobs as it is.
But for those who are unable to find willing-to-hire employers–or to find employers willing to hire at a living wage–the situation looks different.
This situation, however, does not have to remain this way.
A solution lies at hand–provided Americans are willing to see corporate treason for what it is and to punish it accordingly.
That solution can be summed up as follows: A nationwide Employers Responsibility Act.
Among its provisions:
(1) American companies that close plants in the United States and open others abroad would be forbidden to sell products made in those foreign plants within the United States.
This would protect both American and foreign workers from employers seeking to profit at their expense. American workers would be ensured of continued employment. And foreign laborers would be protected against substandard wages and working conditions.
Companies found violating this provision would be subject to Federal criminal prosecution. Guilty verdicts would result in heavy fines and lengthy imprisonment for their owners and top managers.
(2) Large companies (those employing more than 100 persons) would be required to create entry-level training programs for new, future employees.
These would be modeled on programs now existing for public employees, such as firefighters, police officers and members of the armed services.
Such programs would remove the employer excuse, “I’m sorry, but we can’t hire you because you’ve never had any experience in this line of work.” After all, the Air Force has never rejected an applicant because, “I’m sorry, but you’ve never flown a plane before.”
This Nation has greatly benefited from the humane and professional efforts of the men and women who have graduated from public-sector training programs. There is no reason for the private sector to shun programs that have succeeded so brilliantly for the public sector.
(3) Employers would receive tax credits for creating professional, well-paying, full-time jobs.
This would encourage the creation of better than the menial, dead-end, low-paying and often part-time jobs which exist in the service industry. Employers found using such tax credits for any other purpose would be prosecuted for tax fraud.
(4) A company that acquired another—through a merger or buyout—would be forbidden to fire en masse the career employees of that acquired company.
This would be comparable to the protection existing for career civil service employees. Such a ban would prevent a return to the predatory “corporate raiding” practices of the 1980s, which left so much human and economic wreckage in their wake.
The wholesale firing of employees would trigger the prosecution of the company’s new owners. Employees could still be fired, but only for provable just cause, and only on a case-by-case basis.
(5) Employers would be required to provide full medical and pension benefits for all employees, regardless of their full-time or part-time status.
Increasingly, employers are replacing full-time workers with part-time ones—solely to avoid paying medical and pension benefits.
Requiring employers to act humanely and responsibly toward all their employees would encourage them to provide full-time positions—and hasten the death of this greed-based practice.
(6) Employers of part-time workers would be required to comply with all federal labor laws.
Under current law, part-time employees are not protected against such abuses as discrimination, sexual harassment and unsafe working conditions. Closing this loophole would immediately create two positive results:
- Untold numbers of currently-exploited workers would be protected from the abuses of predatory employers; and
- Even predatorily-inclined employers would be encouraged to offer permanent, fulltime jobs rather than only part-time ones—since a major incentive for offering part-time jobs would now be eliminated.
(7) Employers would be encouraged to hire to their widest possible limits, through a combination of financial incentives and legal sanctions. Among those incentives:
Employers demonstrating a willingness to hire would receive substantial Federal tax credits, based on the number of new, permanent employees hired per year.
Employers claiming eligibility for such credits would be required to make their financial records available to Federal investigators. Employers found making false claims would be prosecuted for perjury and tax fraud, and face heavy fines and imprisonment if convicted.
(8) Among those sanctions: Employers refusing to hire could be required to prove, in court:
- Their economic inability to hire further employees, and/or
- The unfitness of the specific, rejected applicant.
Companies found guilty of unjustifiably refusing to hire would face the same penalties as now applying in cases of discrimination on the basis of age, race, sex and disability.
Two benefits would result from this:
- Employers would thus fund it easier to hire than to refuse to do so; and
- Job-seekers would no longer be prevented from even being considered for employment because of arbitrary and interminable “hiring freezes.”