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Thirteen and my next guest trying to get the long term unemployed jobs by paying companies to hire them this is really interesting.
-- CEO Joseph for a -- joins me now -- so how does this work.
What's actually not paying companies to hire people.
Are we provide a wage subsidy it's that it's really to give a long term unemployed person a chance.
Eight -- -- review of sorts where we cover the wages and the person does perform the job in the company has a chance to see whether this person.
It is good as anybody else that they might.
Might have hired.
I hear to same anyways subsidy though still helps -- the company though.
That may not have hired them but who's involved here who was doing they have the backing of this is giving the money.
Actually it's a lot of investors it's people for the most part and lower Fairfield County could be businesses could be foundations individuals of wealth.
All we endeavor to do this to try to provide some evidence that with the right services and tools and the right plans.
Long term unemployed people do not need to be frozen out of the workforce.
And that appears to be the trend that we're seeing here where millions of people.
As a result of the length of their unemployment.
Or basically losing any opportunity to be competitive in the work.
Forsee got about five dozen workers involved right who are basically getting these wage subsidies from the nonprofit tech wreck.
Well the initial group was so actually 100 people.
Of which we've gotten 67.
Already employed -- about 7172%.
But we've got two more cohorts which will be twenty each and they all carry a -- up -- of up to eight weeks the wage subsidy is very important.
In a market like this which is clearly a buyer's market.
Really don't need to go that deep in terms of the length of one's unemployment -- That's -- the subsidy ends will look -- -- keep these workers on.
We make sure that we involved -- honorable employers people that we can trust.
That they do have a job open they're gonna give somebody a fair chance and if that person does perform well.
They're gonna do the right thing and hire that person so what's not something there -- opening up to anybody.
How did somebody -- -- -- -- this from being a windfall for the companies who may have made the hires anyway.
Well I don't think that they would consider these fox it's basically to provide.
Tools and services that open up doors for long term unemployed people.
I've sat with them for hours and hours and hours now for more than two years a very common.
Kind of comment that they make is that -- Apply for 300 different jobs over course of the year you don't get a call back you don't get an interview you don't get any kind of response.
At least this opens up the door and gives them a chance.
And I think since we're gonna have millions of people in this category either we create some tools.
That will enable them to compete well.
Or they're lost.
All right -- doing the right thing there I mean and that most of the workers here how -- -- -- of age fifty or higher usually what he's seeing there.
Not actually they would their folks of all -- About 45%.
Are over fifty and that's about the national numbers well.
For people in this group.
-- come from all walks of life I often say they are costs.
We have had people from every employment discipline you could imagine.
You know it's really it's striking that we've come -- this place in the US economy where nonprofit which basically operates at the behest of taxpayers -- you know and that you.
Income is tax free.
That you -- trying to do the right thing to get these workers' jobs like giving companies that subsidy toward their wages let's say about the shape of the US economy.
It -- that we have to adapt that the post recession economy is quite different.
There's a whole -- to new -- here.
-- weaken kind of ignore them or -- in except them and then so doing we have to adapt to.
All right Joseph Carbone with the workplace he's the CEO of this nonprofit thank you so much they're really appreciate your time.
Okay thank you for having.