Matchmaker, Matchmaker Find Me a Job

By Stephanie Kelton

Good news. Republicans have just unveiled a bold new plan (see below) to create jobs in the private sector. Don’t worry, it isn’t another “wasteful” stimulus package that hires people to repair roads and bridges or helps state and local governments hold onto their teachers and firefighters. This one won’t cost the government a dime! It’s a simple idea, really. A good old-fasioned meet-and-greet, where throngs of unemployed Americans can claw their way through a crowd of equally desperate men and women looking to land the perfect mate. I mean a reasonable match. I mean any job whatsoever.

Are these people delusional? (rhetorical) What, exactly, is it that prevents them from understanding the root of the problem? Econ 101. Sales Create Jobs. Income Creates Sales. So easy a caveman can do it.

We don’t need to introduce employers to the unemployed — they can throw a rock and hit one every 10 feet. We need to introduce employers to new customers. Sales create jobs. The problem, as Cullen Roche points out again today, is that too many households are still struggling with high debt levels. As Cullen said, “spenders have become savers,” and this is hurting the economy. Until households finish de-leveraging (restoring balance sheets by paying down debt), there will be no new source of demand — i.e. customers — to support private businesses.

The government could provide that demand — directly, through a job guarantee program modeled on the WPA, or indirectly, through a full payroll tax holiday and another round of revenue sharing for the states. But it looks like the deficit owls are the only ones prepared to support those kinds of bold initiatives. Until then, Congresswomen like Lynn Jenkins (my own “representative,” by the way) will settle for a pathetic event that promises to pair hundreds of potential employers with thousands of job seekers.

Dear Ms. Kelton,
It is my pleasure to announce the 2nd Annual Kansas 2nd District Jobs Fair.  If you are a job seeker looking for employment or an employer looking for employees, I invite you to join us on Thursday, September 1st at the Topeka Expocentre Agriculture Hall.  
As a CPA, I know the key to turning the economy around is not more government spending, but working with the private sector to create jobs. In order to get our economy back on track, we must first get America and Kansas back to work.  
This Jobs Fair will provide an unique opportunity to meet with some of the leading job creators in the state of Kansas.  There are retailers and manufacturers, service industry representatives, members from healthcare and not-for-profit companies, cities and universities, as well as financial services providers all gathered to help you find employment.  There will be over 60 companies looking to fill hundreds of jobs! 
Unlike many Jobs Fairs, participation is free of charge for both businesses and job seekers. I am hopeful that this event will prove an invaluable resource for you, your friends, and family. Please bring your resume and come explore job opportunities.
Congresswoman Lynn Jenkins’ 2011 Jobs Fair
Thursday, September 1st 
10am – 1pm
Topeka Expocentre Agricultural Hall
One Expocentre Drive
17th & Topeka Blvd
Topeka, KS
Over 1,000 job-seekers came out to last year’s Jobs Fair– providing a great opportunity for employers and job-seekers to meet. Whether you are looking for a full-time, part-time, or temporary position, do not miss this great opportunity to connect with local employers who are hiring. 
I hope to see you there! 
Sincerely,

Lynn Jenkins, CPA
Member of Congress

15 responses to “Matchmaker, Matchmaker Find Me a Job

  1. Regarding:"As a CPA, I know the key to turning the economy around is not more government spending…"So, CPAs trump, you know, actual economists, however deluded they too may be?

  2. You should send her an invite to one of your teach-ins… 🙂

  3. I don't know about that, but she should certainly understand the logic of a balance sheet recession. And she should be able to comprehend the fact that the government's deficit is equal to the non-government's surplus. To the penny. The problem is, people trust accountants. Economists . . . not so much.

  4. Republicans are clueless about what this recession is about. There aren't enough jobs out there, period.

  5. There is no cure for stupid

  6. Richard Dawkins:Uneducated fools can be found in every country and every period of history, and they are not unknown in high office. What is unusual about today’s Republican party (I disavow the ridiculous ‘GOP’ nickname, because the party of Lincoln and Theodore Roosevelt has lately forfeited all claim to be considered ‘grand’) is this: In any other party and in any other country, an individual may occasionally rise to the top in spite of being an uneducated ignoramus. In today’s Republican Party ‘in spite of’ is not the phrase we need. Ignorance and lack of education are positive qualifications, bordering on obligatory. Intellect, knowledge and linguistic mastery are mistrusted by Republican voters, who, when choosing a president, would apparently prefer someone like themselves over someone actually qualified for the job.

  7. Now this is funny. Dr. Kelton, why don't you send Congresswoman Jenkins your sea-saw papers. In addition, you might want to include your paper, "Can taxes and Bonds Finance Government Spending." Better yet, invite Jenkins to audit one of your classes.

  8. P-R-O-P-A-G-A-N-D-AI went on an Irish discussion panel show a while ago about social welfare and unemployment (as an audience member, not a guest). One of the people on — he was a left-leaning priest — pointed out that unemployment was the key issue and that until the near 15% unemployment rate was tackled we couldn't really deal with the other things.That discussion lasted all of thirty seconds. Then a SME pressure group plant stood up in the audience saying that unemployment was not an issue because he had loads of jobs (he ran a call centre — which have one of the highest staff turnover rates in the country).Then an unemployed builder stood up and said he couldn't get a job and he hated being unemployed. Queue: the host 'reconciling' the two lost souls and the show ending on a happy note of wage cuts and sheer determination.I felt ill leaving the studio. And how long would the builder last as a phone monkey? Knowing what sort of attitude most builders have I'd say all of five minutes.

  9. How much of this is ignorance? Do individuals like Robert Rubin, William Daley or Mitt Romney honestly believe deficit cuts will grow the economy??.. I don't think so. They understand that recessions mean a huge bonanza for insiders through corporate consolidation. Grabbing assets on the cheap/putting government property on the auction block.The only hope is that somehow enough people will realize the cause an effect.

  10. Permanently high DISemployment is a policy goal fully shared by both legacy parties, and successfully achieved by President Obama.Permanently high DISemployment means that those without work are desperate to get work, keeping wages low. Permanently high DISemployment also means that those with jobs are desperate to keep them, permitting speed up, and keeping profits at record highs. Continuing to look on the bright side, there is the advantage that the DISemployed lose their homes (which can be resold) and more importantly their health insurance. The resulting drop in life expectancy will have many social benefits, not least increasing the actuarial soundness of Social Security,

  11. @ Lambert StretherUnfortunately for anyone who thought such a model would work, well, it wouldn't. Profits would be expected to fall in the medium-to-long run — ala the Kalecki equation. Any inflation of profits would also likely be highly financialised and would be massively prone to Minskian instability.The rich would soon feel a great deal poorer.

  12. "Over 1,000 job-seekers came out to last year's Jobs Fair"I'm just wondering why she doesn't say how many of them actually got a job from it. After all, if there were companies "looking to fill hundreds of jobs," you would assume publishing the success rate would be good publicity and incent potential workers to come.

  13. Can also be a stigma attached to Job Fairs. I am an underemployed Social Worker (working 2 part time jobs with no benefits) Jobs fair attendees can be viewed as damaged goods..What did they do to wind up here? Are they that desperate?

  14. These job fairs are filled with empty promises, it is a bait and switch advertisement, and it usually shakes down like this:the pyramid scheme jobs, MaryKay Aflac Amway etc.. (put your own money up and be an independent contractor and get your own people to work under you)the buy your contacts jobs, Any Financial Services that pays you a little at the beginning, gets you to bring over all your friends and relatives, then leaves you with steadily decreasing income, so you leavethe less than living wage jobs, fast food, temp agencies, etc., etc…the take your life jobs, Armed Forces & jobs exempt from labor laws andthe sell you more for-profit education people who know you won't really graduatethese job fairs are not what they claim to be, many of the firms come looking for consumers, not employees, which makes Mrs Jenkins all that lower of a person for supporting this demoralizing demeanor fest towards the involuntarily unemployed

  15. Anon-I think Republicans know all too well what this recession is about, and are using every trick they can to make sure they sabotage Obama's Presidency.