Elevator Pitch for the Americans Want to Work Act
You're probably familiar with the "elevator pitch" - a concise summary that you can deliver in the time it takes to ride an elevator. This is the elevator pitch for S. 3706, the Americans Want to Work Act:
- At least 1.3 million unemployed workers1 have exhausted their benefits.
- The job market isn't keeping up: There are fewer than 3 million job openings2 for almost 15 million job seekers3.
- We're caught in a vicious cycle: Businesses aren't hiring because their chief concern is poor sales, and people aren't buying because they've lost their jobs.
- S. 3706 will break the cycle in two ways:
- by growing the workforce: 3706 will extend the HIRE Act, which is already credited with adding 5.6 million jobs4;
- by adding a fifth tier of unemployment benefits, which add $1.61 to the GDP5 for every dollar spent.
Contact your Senators, especially if they're on the Senate Finance Committee. Ask to speak with the Legislative Director or the Legislative Assistant who deals with jobs and the economy. Deliver the pitch. Thank you.
Suggestions on how to hone the argument are greatly welcomed.
- Source: Bureau of Labor Statistics. This number does not take into account people who have stopped looking for work after 99 weeks.
- BLS JOLTS News Release, August 11, 2010
- BLS Employment Situation Summary, August 6, 2010
- "Nationally, from February 2010 to June 2010, businesses have hired an estimated 5.6 million new workers who had been unemployed for eight weeks or longer, making those businesses eligible to receive billions in HIRE Act tax exemptions and credits for hiring long-term unemployed workers." (source)
- source: Mark Zandi, Moody's Analytics (PDF link)