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How do you solve unemployment?

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Quick Answer

Solving unemployment may include decreasing unemployment benefits, getting rid of minimum wage, increasing work benefits and insisting all people get a job. Germany did all of this and experienced a sharp decline in unemployment.

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In 2003, Germany used the Hartz reforms to work toward solving their unemployment problems. They took away the incentives people had to not work and increased the incentives to work, even at a low-wage job. In the United States, the rate of unemployment among those of the millennial generation is in the double digits. This also rings true for those without a college education and those with a 4-year degree.

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