Sadly, the voters aren't really given a choice: would they like to have America restore a competitive labor market or not?
Rather, their choice has been do they want Republican mullahs in power who are concerned about abortions and gay lifestyles; or, do they want Democrats who are socially liberal and will give away the store and pile on the benefits with the unions and the UAW as their economic model.
One look at how great wealth has been allowed by the Communists in China to be created in private hands, should give an indication of the fact that America is taking too much from its workers through taxation and not leaving enough for the worker to spend as they see fit. Thus, the whole labor/production relationship is distorted.
Why do you think it is that the government doesn't want a worker to get a paycheck showing all of the payments the employer has to make on their behalf? Instead of that $600 net out of $1,000, it would more likely read the same net out of at least double that amount of gross pay.
If we want to bring jobs back to America, we need to make it affordable to hire Americans. It's all well and good to tax ourselves for this social cause and that; but, after a while the funds run out. We're taxing ourselves for current consumption and not investment in the future. We can deal with these facts in lots of ways.
The current approach seems to be another trillion dollars for added health consumption with a general lowering of the quality and availability of care a repressed conclusion. And, meanwhile, the U-6 jobless rate is 17% (close to one out of five Americans can't find work or enough work).
Oh yeah, current policies seem to be working swell!
And, let's keep on allowing Obama and Pelosi to put up red herrings. Ah well.....
Showing posts with label jobless recovery. Show all posts
Showing posts with label jobless recovery. Show all posts
Friday, November 6, 2009
Useless Canards and the Jobless Recovery
Facing Facts on the 'Jobless' Recovery
http://online.wsj.com/article/SB125746080945231961.html?mod=djemITP#articleTabs%3Darticle
• Some say that Jobless recoveries are the residue of the expansion of globalization. That each recovery is worse than the last one. That endless mergers and labor arbitrage will leave the US with a few big transnational corporations owned largely by foreign investors.
But why does this appear to be happening? Are we really looking in the right places?
Almost everyone receiving them likes government services that come at what appears to be little or no cost. No one really contemplates where this generosity is coming from.
Americans need to realize that there is NO FREE LUNCH.
Retirement at age 50 costs something. Almost free and limitless healthcare costs something.
The bottom line is all this generosity (which is tax or borrowing supported) is costing the US economic vitality and jobs.
We are hurting ourselves and refuse to see it.
• Some people even go so far as to cough up the old canard that no more wealth can be created so dividing up what exists is all that can be done.
One look at the wealth being created in China should dispel this canard for good. So should one look at companies like Google – or, even turning on the internet or getting in your car.
Yes, certain things aren’t around anymore; but, in the aggregate, the total amount of wealth and the better quality of life produced by the creative destruction of capitalism is growing and can grow – unless, that is, capital and the ability of capital to create wealth is compromised.
And, this compromising of capital’s ability to create wealth is exactly what has been happening in America – and, the seat of this destruction sits in Congress and the White House, with unions and with government.
http://online.wsj.com/article/SB125746080945231961.html?mod=djemITP#articleTabs%3Darticle
• Some say that Jobless recoveries are the residue of the expansion of globalization. That each recovery is worse than the last one. That endless mergers and labor arbitrage will leave the US with a few big transnational corporations owned largely by foreign investors.
But why does this appear to be happening? Are we really looking in the right places?
Almost everyone receiving them likes government services that come at what appears to be little or no cost. No one really contemplates where this generosity is coming from.
Americans need to realize that there is NO FREE LUNCH.
Retirement at age 50 costs something. Almost free and limitless healthcare costs something.
The bottom line is all this generosity (which is tax or borrowing supported) is costing the US economic vitality and jobs.
We are hurting ourselves and refuse to see it.
• Some people even go so far as to cough up the old canard that no more wealth can be created so dividing up what exists is all that can be done.
One look at the wealth being created in China should dispel this canard for good. So should one look at companies like Google – or, even turning on the internet or getting in your car.
Yes, certain things aren’t around anymore; but, in the aggregate, the total amount of wealth and the better quality of life produced by the creative destruction of capitalism is growing and can grow – unless, that is, capital and the ability of capital to create wealth is compromised.
And, this compromising of capital’s ability to create wealth is exactly what has been happening in America – and, the seat of this destruction sits in Congress and the White House, with unions and with government.
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