Let’s face it: recent college graduates are not inheriting the greatest economic situation, and it’s taking a toll on their generation.
So if we want to help young people out specifically, which economic policies should we pursue? A recent Rolling Stone article by Jesse Myerson entitled “The Five Economic Reforms Millennials Should Be Fighting for,” advocates the following:
- Guaranteed jobs
- Social Security for all
- Taxes that penalize landlords for all the land that they idly sit on
- A situation in which everything is owned by everybody
- State-run banking
But Ray Hennessey, editorial director of Entrepreneur, has a different take, arguing that these policies stereotype young workers and harm them in the long run. He says,
In the end, entrepreneurship can and does offer the solutions to any or all the problems Myerson perceives. A freer market – which already supports equal opportunity for all, provided you are willing to take a risk – makes for economically free people. We should not be denied the opportunity to take a chance on ourselves, on our commitment to better our lives and share our passions. Any plan to deny those chances just seems cruel.
His rationale? Read how Hennessey takes on Myerson’s policies point-by-point from an entrepreneur’s perspective here.
What do you think? Leave your comments here.