It would be nice if there were more businesses that could comfortably absorb higher staffing costs too. That however implies higher profitability, which usually means the business takes higher risks.
How about a venture capital loan scheme for entrepreneurs with a well justified business proposal and loan requirement that banks refuse to fund?
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It could still be in the form of a loan but maybe repayments start from year two or three.
Such a loan scheme would encourage thousands of budding entrepreneurs, including myself, to get started and fill the sagging economy with the innovation required to get it back in shape.
Focused injections of funds where it will grow more funds and create jobs has got to be a better option for ‘stimulating’ the economy than throwing government debt at just about anything.