Jobenomics, the book, deals with the economics of business, job, wealth and tax revenue creation. Jobenomics, the national grassroots movement, has a goal of creating 20 million new US private sector jobs by 2020 (20 by 20). The Jobenomics movement has grown significantly in the last two years. Over two million people have been reached via national and social media, lectures, as well as word-of-mouth. Our movement appeals to all categories of people, from liberals to conservatives, rich to poor, urban and rural, since Jobenomics is a movement focused on business and job creation. Jobenomics is also engaged in numerous highly scalable, proof-of-concept projects and initiatives that have grown rapidly since the movement’s commencement.
After sixty years of growth in America, jobs creation abruptly stopped. The American economic engine lost almost a million private sector jobs in the last decade (2000s), compared to gains of 10 to 20 million new jobs in previous decades (1940s through 1990s). To get our economic engine running again, America needs to create a minimum of 20 million new private sector jobs by 2020 (20 by 20). Jobenomics’ Plan for America has prescriptions for small, large, foreign and emerging technology jobs creation concepts and initiatives.
The Jobenomics “20 by 20″ Campaign is comprised of four business categories: Small & Self-Employed, Large, Foreign, and Energy Technology Revolution. Small, emerging and self-employed business categories comprise 18 million new private sector jobs by 2020 (90% of goal). The large business category comprises 2 million (10% of goal). The government sector (not shown) is planned for zero growth. Detailed reports on these categories and economic trends will be placed regularly in “Recent Posts” and “Categories” sections on the right side of this screen.
So how are we doing in terms of employment and unemployment in the USA? Americans are not producing the number of jobs needed as compared to the number of people leaving the US labor force (shown below).
According to the US Bureau of Labor Statistics, since year 2000, 8,340,000 people entered the US labor force as opposed to 23,614,000 who departed as indicated by the BLS category entitled “Not in the Labor Force”, which is defined as able-bodied people that can work but chose not to work. These figures do not include 19 million people who are unemployed (U6 Rate). These numbers indicate that while improving slightly, the US economy is not sustainable due to massive exodus of people from the labor force resulting in 30-year low labor participation rates and employment-to-population ratios.
Detailed reports entitled, Jobenomics Employment Scoreboard and Jobenomics Unemployment Scoreboard, are updated monthly and are located in the ”Recent Posts” section. Check our postings regularly to see how America is progressing towards “20 by 20″. You can also review the numerous Jobenomics’ job creation projects and economic trends. I hope you visit often and look forward to your comments.
Chuck Vollmer, Jobenomics Founder & Author