In the past few years states have become increasingly unwillingly torely on the chance that volatile global investment markets will chooseto invest in their local communities. Instead, states are choosing todirectly invest themselves in local emerging opportunities. The greatadvantage of direct investment, instead of simply raiding the statetreasury and giving away corporate welfare, is that by making directinvestment in local businesses, states create a financial stake infirms. If these businesses are successful, they will return equity tothe tax payers that can be reinvested in other projects. According to the National Association of Seed and Venture Fund, as of 2006, all but six states had state venture capital funds.
While the financial crisis has received more of the headlines, there has been a growing unemployment crisis over the last year.
With unemployment at a five-year high, nearly 10 million Americans were
officially unemployed last month, with nearly 500,000 workers applying
for benefits each week. And the problem doesn't stop there, with
long-term joblessness rising:
Milwaukee has a paid sick leave referendum
on the ballot for November that would allow employees to take leave for
medical treatment, preventive care, or diagnosis for themselves, as
well as to care for a close family member who is sick or who needs
diagnosis or preventive care. Additionally, employees would be allowed
to use the time to deal with domestic violence or sexual assault (for
example, using accrued time to flee to safety.) Employees at firms
with 10 workers or less could accumulate up to 40 hours, whereas larger
companies would have to provide up to 72 hours of paid sick leave.
The benefits of a post-secondary degree are plentiful. For example, an employee with a four year college degree earns 60 percent more than a worker with only a high school diploma. Paying for college, however, has become a daunting task and strain for many American students and families. The cost of higher education across the country is rapidly increasing, at almost double the rate of inflation, outpacing increases in financial aid and many families ability to pay. The combination of these factors result in too many students being unable to earn or complete their degrees due to financial constraints.