Saturday, November 05, 2011

On creating jobs

The New York Times has discovered that--oh, horrors!--the government can't create jobs. Here's a sample of the new wisdom from the Gray Lady:

The fact is that creating them in a far-too-sluggish economy is practically impossible in our current capitalist democracy. No corporate leader is rewarded for hiring people who aren’t absolutely required. Most companies hire only when its workforce can no longer keep up with the demand for its products.

Even with all the attention on hiring, the government’s ability to create jobs is pretty dispiriting, no matter who is in charge.
That second paragraph is so splendid that one doesn't know whether to laugh or cry.

Most jobs are created by small business, and all business is small at the start. And small businesses aren't hiring--or aren't being established in the first place--because there is an oppressive, super-sized government sitting on top of the economy, populated by regulators spinning new regulations, legislators creating new mandates, and a president ranting about millionaires and billionaires. If you have a dry-cleaning company with 49 employees, and in a couple years Obamacare kicks in, requiring any company with 50 employees to provide a specified laundry list (as it were) of benefits, would you be likely to hire that 50th employee? No.

The full article is here. Blue skies! -- Dan Ford


At 12:59 PM, Anonymous Anonymous said...

I own a small IT Consulting company...ObamaCare will stabilize the huge annual increases.

Do not have an average age above 50 or you will be paying $23k for each family.

Been this way ever since Bush got into office. The cost of healthcare and removal of laws that made Pharma and Medical Industries competitive with each other instead of a supported monopolies.

Did you know few drugs are being manufactured in the USA?

Bet you didn;t

Dan FAhey


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