Poverty and Financial Regulation: Socioeconomic Human Rights in the Obama Era
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Excerpt
By adopting sensible economic policies over the past several decades, Germany and Japan have reduced their unemployment rates without sacrificing the health or financial well-being of their populations. Japan's unemployment rate is less than 5%, and Germany's is less than 7.5%, while the U.S. rate [at the time of this writing-2012] is over 9%. Their legal tools for achieving these levels include: ( 1) consideration of the interests of workers when executives plan mass layoffs, and direct action to create jobs; (2) creation of a healthy and well-educated workforce; ( 3) preservation of an industrial base that in- . eludes a vibrant manufacturing sector, by shifting many of the costs of supporting workers and their families from employers onto the government; and ( 4) taxation of goods and services imported from abroad, rather than mainly taxing domestic but not foreign producers' incomes.
Author updated from version originally published in Poverty & Public Policy, 3.3 (2012).
ISBN
9781633912700
Publication Date
2015
Publisher
Westphalia Press
Keywords
Socioeconomic Human Rights, Obama
Disciplines
Human Rights Law | Law
Recommended Citation
Hannibal Travis, Poverty and Financial Regulation: Socioeconomic Human Rights in the Obama Era, in POVERTY IN AMERICA: URBAN AND RURAL INEQUALITY AND DEPRIVATION IN THE 21ST CENTURY 344-368 (Max Skimore ed., Westphalia Press, 2016).
