Plant Closings: Public or Private Choices (Studies in Domestic Issues)

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Plant Closings: Public or Private Choices (Studies in Domestic Issues)

Plant Closings: Public or Private Choices (Studies in Domestic Issues) by Richard McKenzie
English | Sep. 1984 | ISBN: 0932790429 | 346 Pages | PDF | 6 MB
In writing for the Conference on Alternative State and Local Policies,William Schweke declares, "The problems of capital mobilityand major job losses are real and growing. The major victims arethe laid-off workers and their families.

In writing for the Conference on Alternative State and Local Policies,William Schweke declares, "The problems of capital mobilityand major job losses are real and growing. The major victims arethe laid-off workers and their families. The massive job cuts oftenflood the labor market, overwhelming local employment opportunities.States and municipalities also face several fiscal difficulties,as their tax base erodes and public spending rises to pay for thesocial costs of economic dislocation, which include rapid increasesin juvenile delinquency, crime, divorce, mental illness, and despair."1The proposed remedy: restrict the ability of businesses to close theirdoors, to move, and to reinvest their earnings by requiring firms(1) to give long-term notice of their intention to close, (2) to paysubstantial severance benefits to unemployed workers, and (3) tomake restitution payments to the affected community.

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