Paying companies to hire the unemployed
By Tami Luhby@CNNMoney May 18, 2012: 5:18 AM ET
NEW YORK (CNNMoney) -- Would you donate $6,000 to subsidize someone else's job?
The WorkPlace, a Connecticut non-profit agency, believes the best way to get the long-term unemployed back into the workforce is by paying companies to hire them.
But instead of turning to the government for the money, the agency is trying something different: asking private companies and citizens to support subsidized jobs.
"In order to get long-term unemployed people a chance to demonstrate they can do the job as well as anybody else, you have to use unusual tools and that's one of them," said Joseph Carbone, the agency's chief executive.