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Home / News / Jobs bill may reassure the public, but will it help the unemployed? (access required)

Jobs bill may reassure the public, but will it help the unemployed? (access required)

By Caitlin Coakley CHARLOTTE — A jobs bill passed in the Senate on Wednesday would extend tax incentives to businesses that hire unemployed workers. But some economists say the measure is not enough to create new jobs. “I’m disappointed in the size of the bill. I think it should have been much larger,” said Ronald Madsen, a labor economist at UNC Charlotte. “$13 billion (in tax cuts) seems like a huge amount of money, but as far as effect on the national economy, and the willingness of firms to hire earlier than they otherwise would, it’s unlikely that companies would make a decision they otherwise would not have made.”

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