Restore the Economy by Jobs and Education

All predictions say that even though the recession is technically over, unemployment will decline only slowly and over several years. Since -- as has been pointed out -- 10% of the population controls some 90% of the investment market, that 10% may be quite comfortable with the status quo, but for the other 90% of us the situation is at least worrisome and, for the 10% who are jobless, the outlook is just plain bleak.

It may be necessary to continue to pump money into Wall Street and big corporations and the like, but none of this has much immediate effect on the jobless.

There has been talk about job creation, but I have heard little emanating from Washington that sounds as though it will do much anytime soon, and what I've heard doesn't sound like a comprehensive coherent plan.

Here's my proposal:
First, some self-evident facts:
1) We are going to have to subsidize the unemployed for a long time.
2) The unemployed, for the most part, have lots of available time.
3) There is much work that needs doing in this country, including a) building/repairing/ upgrading facilities in national, state, and local parks and other public facilities; improving streets, highways, and bridges; building mass-transit (train, streetcar, and bus) roadbeds and rolling stock; c) upgrading the electric grid and transmission facilities; d) developing, manufacturing, and installing alternative power equipment -- solar panels, wind turbines, etc.
4) We are going to need more, and more highly trained, workers for a vast range of technologically advanced fields in the future: alternative power, medical technology, biotechnology, nanotechnology, and many others.

I would put all these indisputable facts together in this way:
Instead of just providing unemployment checks, let's offer most recipients two alternatives:
1) You can go back to school to learn some advanced skills. Government will put lots more money into paying stipends to those who want to improve their skills -- and perhaps the stipends will be bigger than the unemployment schecks. And while several million unemployed ate back in school, hundreds of thousands of teachers (who might be unemployed scientists and engineers) will also be given employment. And when the recession is truly over, and jobs are again plentiful, there will be a large workforce available of people with new high-tech skills.
2) Or you can move into any of a range of WPA or CCC type jobs: The government will pay wages for people who are available for relatively low-skill jobs improving the nation's infrastructure and public facilities. Many state and local governments have lists of "shovel-ready" jobs, some of which are already being done with stimulus finds. (Or if private companies need a boost to do many of the tasks suggested in (3) above, government might supplement wages, sort of like older OJT -- on-the-job-training -- programs.)

The advantages of this approach to the unemployment situation should be clear. Roughly the same amount of money would be spent, but this way it would produce improvements to the nation's infrastructure and facilities, and it would train a workforce for future jobs.