Secure Economic Stability

Issues indicating a sick economy: high unemployment; high underemployment, need for new careers by millions; enormous student debt; COVID induced recession with unknown end date; stock market value bubble. Each of these need attention to restore the American economy to stability and health.

Some steps are no brainers: restore $600 weekly unemployment bonus until the COVID pandemic is finished; eliminate student debt immediately so these people can invest in starting their careers and family lives; help low income families and households during the pandemic with a $1200 grant; consider a $1000 monthly subsidy for those families unable to pay their rent or mortgage payments due to COVID unemployment.

New technology has proven its worth during the pandemic. Productivity increases by remote communications like Zoom have been astounding. Many firms have increased their output of service work while cutting costs exponentially. Although Work From Home will continue as a viable option for corporate staffing, it will upend the commercial real estate market. Office buildings will be in lower demand; empty office buildings will burden market values for years until they are repurposed for other uses.

Home values will decline in urban areas while suburban values will rise as WFH practices eliminate commuting effort, time and expense. Remote staffing will expand greatly allowing people to live where they want instead of close to an office building.

Public transportation demand will be less and subsidies more necessary as the industry recalculates travel volumes, schedules and modes.

Education for career development and re-development to cope with changing work patterns must be as accessible to everyone who needs life-long learning. Reimagine educational processes to help each student achieve the level of learning appropriate for their ability and interest. Empower all students to think for themselves and innovate roles that will dynamically support an expansive culture of creativity.

The elements of economic strength are contained in each person. We are abundantly talented. Believe in the people and give them the freedom to achieve! Then watch America prosper.

This will be breathtaking to observe over the next 10 years.

January 12, 2021

PS: Happy Birthday to my sister Carol in Arizona!