|Published:||Oct 17, 2010 8:36 PM EDT|
|Updated:||Oct 17, 2010 5:36 PM EDT|
NEWTOWN, Pa. (AP) - A 71-year-old philanthropist from suburban Philadelphia thinks he can solve the country's unemployment woes one charitable donation at a time.
Gene Epstein plans to give $1,000 to charity in the name of businesses that hire an unemployed worker and keep them on the payroll for at least six months.
Epstein says he'll spend up to $250,000.
Lawrence Gelburd, a lecturer at The Wharton School of the University of Pennsylvania, says the program will probably spur conversations about hiring.
But he and others aren't sure the incentive is enough to get cash-strapped businesses to actually hire a jobless person.