Jobenomics deals with the economics of job, wealth and revenue creation with a goal of creating 20 million new private sector jobs by 2020 (20 by 20). The Jobenomics movement commenced with Chuck Vollmer's book, entitled Jobenomics, which was written to illuminate the economic threats to US, to promote national debate regarding jobs creation, and to start a grassroots campaign.
Jobenomics' Overall Tenets
- Focus on the economics of job, wealth and revenue creation
- Create 20 million new private sector jobs by 2020 (20 by 20)
- Empower private sector growth with appropriate government support
- Start national business initiatives with emphasis on small business
- Incentivize public/private funding to the base of the US economic pyramid
Jobenomics' Grassroots Movement
- Rely on business as opposed to government as the means of economic growth
- Elect officials who support jobs creation and private sector economic development
- Grow the private sector labor force as opposed to the government workforce
- Invest and promote investment in domestic emerging business and technology
- Support a 20 by 20 national campaign
Jobenomics' Public Policy Initiative
- Emphasize employment over unemployment
- Promote pro-business policies and incentives
- Close the spending/receipts fiscal gap
- Assist small business development over government and large business growth
- Pursue workfare as a viable alternative to welfare
Jobenomics' 20 by 20 Categories & Goals
- Small business, 7 million new jobs (see below)
- Facilitate small business growth, 3 million new jobs
- Stimulate self-employed business development, 4 million new jobs
- Large business, 5 million new jobs
- Increase expatriate jobs for multinational corporations
- Protect and promote domestic jobs in struggling industries
- Foreign manufacturing and investment in the US, 3 million new jobs
- Emerging technology initiatives, with emphasis on energy technology, 5 million new jobs
Jobenomics' Key Small Business Initiatives
- Promote and incentivize women-owned businesses
- Establish community-based business incubators
- Develop a national direct-care program
- Start real estate private equity/ property management initiative for distressed residential homeowners and transition foreclosed homes to affordable rental properties
- Develop business ministries in social/religious institutions to assist the financially distressed
- Incentivize private sector funding to the base of the US economic pyramid
- Establish government funded small business incentives
