Robert Reich: The Jobs Picture Still Looks Bleak - WSJ.com

DEMOCRATIC FISCAL AND ENTITLEMENT POLICY IS A BANE TO REAL JOB CREATION: Robert Reich: The Jobs Picture Still Looks Bleak - WSJ.com:
"What Reich omits clarifying is that with entitlements being richly bestowed by Democrats (and some Republicans), these entitlements have had to be paid for by borrowing (Obama is big time into this), taxes (both direct and indirect), future promises (public unions really go for this), etc.

Bottom line: for every $100 paid to a worker, the employer may have to calculate a total cost of $500. And, the worker may only keep $40-60 of his or her $100 in pay.

Thus, society thinks it is doing a good job of providing for the downtrodden and those needing entitlements, but, by so doing, society skews the rewards for employment.

Thus, an employer might have lots of $300 per hour jobs and the worker might see lots of jobs they'd do for $100. But when the $100 worker pay costs the employer $500, then the math doesn't work. As a result there is 'no' job created.

Similarly, when government basically determines that society is going to have to pay some $20,000 just for health insurance for a family of 4, this is an added disincentive to employ.

Reich should hammer the reasons why a bit more clearly.

I'd also like to see a solution where entitlements drop significantly, thus creating much more opportunity for job creation. Again, such an idea is anathema to Mr. Reich."