Jobenomics Executive Summary
Jobenomics deals with the economics of business, job, wealth and revenue creation—the substance of which powers the US economy, sustains the American way of life, and secures US national sovereignty. Jobenomics, the book, focuses on the employed and jobs creation—the segment of our society that represents America’s economic engine. Today, this engine has stalled. The decade of the 2000s lost one million American jobs, whereas the previous three decades averaged approximately 20 million new jobs per decade. If the next decade, the 2010s, generates only marginal jobs growth, the US economy could collapse under the weight of US debt and obligations. The US has several hundred trillions of dollars worth of debt, which it will not be able to pay, if its workforce does not grow. In addition to debt, government overhead continues to explode. Out of a total population of 309 million Americans, there are 178 million non-workers, 35 million government employees and contractors, and 96 million in the private sector labor force. This equates to 1 government worker for every 3 workers in the private sector. In the non-worker group, there are approximately 300 million payments of welfare, from Social Security to food stamps. The bottom line is that too few are supporting too many and carrying too large of a debt load. Consequently, the jobenomics team is launching a national 20 by 20 campaign to create 20 million new US private sector jobs by 2020. 20 by 20 includes initiatives for government, large business, small and self-employed businesses, foreign investment in US businesses, and major emerging technology initiatives. Through jobenomics, Americans will have common cause and resources to create jobs in order to build a more prosperous future.