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Coupons for Jobs 04-01-10

Coupons for Jobs 04-01-10

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Published by Jack Gahran

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Published by: Jack Gahran on Jul 06, 2010
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April 1, 2010A Proposal from John F. Gahran,
who has no financial interest in this Initiative808 Hopkins Avenue, Audubon, NJ 08106 609-605-1496 (cell) jack@gahran.com (email)
Coupons-For-JobsCreate more jobs now, and keep them, bysupporting local small business
OVERVIEW
The Coupons-For-Jobs Initiative that produces sustainable jobs is intended as atransition program until the jobs expected from the other already announcedand/or implemented government programs begin to have a more significant effect(8 months to 2 years from now).
A continuing unemployment rate of 10% (
excluding “discouraged workers
”) is intolerable -- andfixable.The key culprit behind lost retail, wholesale, and manufacturing jobs is low demand for products.One approach that could create many lasting jobs fast is the Coupons-for-Jobs Initiative.Here’s how it would work:
Over a 6 month period consumers in high unemployment counties in each state wouldreceive time-limited (1 month at a time) government Coupons-For-Jobs to purchasedesignated goods from local small businesses (500 employees or less). This creates retail jobs.As retailers replenish their inventories, they create demand for jobs at wholesalers who repeatthis replenishment chain with manufacturers, which creates more jobs (hopefully in the USA).
This approach can create 1.24 million new jobs within 8 months of implementation.The investment in Coupons-For-Jobs is only $13,785 per job ($17,094 million inCoupons / 1.24 million jobs)This is much more efficient than the $55-95,000 per job of the other alreadyannounced Programs….. and….the jobs start one month after the implementationmonth as opposed to 8 to 18 months for the other programs.
After the 8
th
implementation month, these jobs will be sustained, partly from the increased retail
April 1, 2010Page 1
 
spending by those who were hired through this program and from similar retail spending fromother previously authorized jobs saving/creating programs that have a somewhat delayedsignificant jobs increase.
BENEFITS SUMMARY OF COUPONS-FOR-JOBS INITIATIVE
The demand for 
increased employment
in retail, wholesale and domestic manufacturingindustries
comes as a result of increased demand for the products
 
and services
providedby these sectors of the economy.The Results of the Coupons-For-Jobs Program would be as follows:
1,241,490 Projected Equivalent
*
Jobs to be added through the 8
th
month after implementation
.
*
(Initially, some workers will have their hours increased before othersare hired.)
Unemployment in the combination of Retail, Wholesale and Manufacturing should bereduced from a projected 10.7 % in the Implementation Month (assumed to be March, 2010) in only 8 months to 6 .95 % by November, 2010 (
excluding any return to theworkforce by “discouraged workers” 
).Requires Issuing $17.1 Billion of Targeted Coupons-For-Jobs
This is much less than thepresently unused TARP funds and other similarly planned but not yet issued funds to improveGDP, employment, etc.
The newly hired people will generate $1,261,853,549 of retail spending by the 8
th
monthafter Implementation.
This also results in additional employment at all three sectors of theeconomy.
Coupons-For-Jobs ought to be implemented without any increase in the national debt
beyond the level already associated with other government programs.Individual consumers will be encouraged to use these coupons as their way to help increasedomestic employment. The coupons may encourage them to select products that aredomestically produced even though current government and/or political considerations probablywill not allow a “Buy American-Made Products” promotion.
TOTAL PURCHASING $ GENERATED BY THE COUPONS-FOR-JOBSINITIATIVE
April 1, 2010Page 2
 
Retailers receiving $17,094 millions in Coupons will subsequently experience $1,096 million inadditional retail sales from all the new hires added through the 8
th
month after Implementation.To replenish these goods they will purchase $12,507 million from wholesalers.The wholesalers, in turn, will purchase $10,195 million from Manufacturers.
Therefore, the total value of goods purchased through the 8
th
month afteimplementation will be $40,893 million. This is an increase of $23,799 million ingoods purchased beyond the value of the Coupons ($40,893 million - $17,094million).This is another benefit to the economy from the Coupons-For-Jobs Initiative.See the Chart below for how these benefits take place month-by-monthBeyond the 8
th
month after Implementation, to reduce unemployment in thesesectors of the economy to a 5% level
(excluding any return to the workforce by “discouraged workers”),
either the Coupons-For-Jobs program can be expandedthroughout more counties in the states or other previously started governmentprograms will start to have a more significant impact on increasing employment.
TABLE OF CONTENTS
Overview Page 1Benefits Summary of Coupons-For-Jobs Program Page 2Total Purchasing $ Generated by the Coupons-For-Jobs Initiative Page 4Targeting the Reductions in % Unemployment Page 7Determining the $ of Coupons to Issue Monthly Page 8The Coupons, Themselves Page 9Implementing Coupons-For-Jobs Program at the Retail Level Page 11The Impact at the Wholesale Level Page 13The Impact of the Program on Domestic Manufacturers Page 14
April 1, 2010Page 3
 
$12,507WHSL
 
$1,096 Add RTL$17,094COUPONS

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