Poverty and Financial Regulation: Socioeconomic Human Rights in the Obama Era
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).
Socioeconomic Human Rights, Obama
Human Rights Law | Law
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).