Most workers in the United States are vulnerable to the uncertainties of the economy because of the kind of jobs available for them in the job market. The most recent survey has shown that millions of Americans are not satisfied by the state of the economy (Bureau of Labor Statistics, 2009). There is therefore a great need to deal with the current situation and simultaneously craft strategies aimed at a sustainable economic prosperity among the majority Americans.
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The macrocosmic effect of the United States economic failure can be felt all over the world because the US dollar remains the world measure of currency value (Bureau of Labor Statistics, 2009). This is to mean that if there are Americans who are living with poverty then they are an ignored section of vulnerable workers who constitute a greater population of the United States. The question remains as to whether this problem can be addressed and the answer is yes.
Economic situation of such people can be improved by securing and improving American jobs. In the United States and in Excelsior’s home in particular the most important propellers of the economy are those people who do menial jobs such as cleaning the office, operating the machines et cetera (Graham, 2001). These are usually referred to as subordinate staff and are at a greater risk of being laid off or being subjected to improper work conditions (Graham, 2001). The best way to get these people off the hook of poverty and vulnerability is to address the challenges they face such as job security and this should be done by improving the jobs themselves.
To start with, strategies such as creating public–private partnership, having new institutional arrangements and pilot projects will ensure that vulnerable workers have greater economic stability. Policy innovation is another strategy which should be used to secure and improve jobs so that legislation is enacted to have programs and regulations in place that foster workers’ job security as well as distribute responsibility and risk (Graham, 2001). This will also ensure that vulnerable workers have access to quality jobs and healthcare, secure sustainable income and provide adequate and predictable income after retirement. When this is done people will not have to be dependants after they retire from their unsecured jobs.
Both Policy innovation and institutional arrangements should be deployed in a way that ensure vulnerable workers get access to effective, efficient and innovative systems to ensure economic security against adverse medical and financial events, in their working life and after retirement (Graham, 2001). In my constituency therefore what is required is to implement these strategies by supporting organisations that have greater transparency and accountability in policy issues affecting vulnerable workers.
There should be support for efforts that foster resilience that sees low income households build personal savings and improve unemployment insurance. There is also need to carry out a campaign that seeks to boost retirement security for vulnerable workers by crafting systemic and incremental reforms. To accomplish these goals, we will support public private partnerships and invest in any study and research to promote policies that ensure equitable distribution of public funds.
Finally there is a dire need to improve state level policies that pool risks and benefits on behalf of uncovered workers. The solution to these will be to support targeted outreach and education to key stakeholders in the constituency regardless of their race to promote policies that ensure everyone benefits. In conclusion, securing and improving American jobs is a microeconomic action which will improve the welfare of vulnerable workers and this will be reflected largely in the national economy.
Bureau of Labor Statistics. (2009). Employment status of the civilian non-institutional population, 1940 to date. Web.
Graham, W. (2001). The Poverty of Conventional Economic Wisdom and the Search for Alternative Economic and Social Policies. The Drawing Board: An Australian Review of Public Affairs, 2(2), 67-87.