Wednesday, January 25, 2017

Want to Bring Back Jobs? It's Impossible Unless We Fix these Four Things

It's your choice, America--you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable.
If there is any goal that might attract support from across the political spectrum, it's creating more fulltime jobs in the U.S. But this laudable goal is dead-on-arrival (DOA) unless we first fix these four things. Why is job growth stagnating? Many point to automation, and yes, that is a systemic dynamic that will only expand going forward.
But much of the stagnation is the direct result of the high costs and structural failures in these four inputs to the job market. U.S. healthcare costs more than twice as much per person as healthcare per person in our advanced-economy competitors. Why would anyone open a business in a nation so poorly run that healthcare costs twice as much as it does everywhere else?
The American people are not healthy. Obesity / obesity-related diseases and opiate addiction are both epidemic. Workers struggling with lifestyle-caused chronic diseases cost more to hire and to help.
If you set out to destroy the nation's ability to create jobs, you'd impose the unaffordable healthcare system we have, and the overly complex and costly tax / regulation system we have. And you'd push your students to get useless credentials instead of the real-world skills, moxie and values they need to get ahead and fulfill their potential in a fast-changing economy.
You want to create jobs? First fix these four things, or your goal is DOA.
1. Healthcare, and even more importantly the health of the American people.
2. Taxes. Lower the business/corporate tax rates, simplify tax codes, eliminate the loopholes, skims and scams exploited by the tax avoidance industry.
3. Regulation. Weigh the cost of every regulation against the public good it generates. Include business owners, employees and citizens in the decision process--not just protected, privileged "experts" with no skin in the game, i.e. poobahs whose own fat salaries and benefits are never exposed to the costs or risks of the regulations they impose with such abandon.
4. Education. Instead of focusing on political correctness and "software coding" while shoehorning everyone into useless, rip-off four-year college degrees, focus on providing students with real-world knowledge bases, entrepreneurial moxie and the eight essential soft skills needed to prosper in a fast-changing economy. I explain how to do this in my books Get a Job, Build a Real Career and Defy a Bewildering Economy and The Nearly Free University and the Emerging Economy
Let's do a chart-dump on our sick and unaffordable system of healthcare. Want a quick summary? Prevention isn't profitable, managing chronic illnesses is immensely profitable.
Our healthcare system is ill because our lifestyle makes us ill. There is no other output that is possible with these inputs other than sickness and chronic illness.
We are what we eat. Oops--no wonder we're in such poor health:
For every $1 nations like Spain and Japan spend per person on healthcare, the U.S. spends $2.50. If you want to bankrupt the nation and wipe out our global competitiveness, then by all means keep the insanely unaffordable system we have:
We spend twice as much per person yet our life expectancy and other measures of health are tanking--do you see a problem for potential employers?Wake up, America: either get healthy  and overhaul sickcare or the nation is doomed. It really is that simple.
If you think this chart will gladden the hearts of potential employers, you've lost your mind: out-of-control government sickcare spending, check. Rapidly aging populace of ill people, check. A political system that has been captured by insurers, Big Pharma, and every other cartel that's reaping enormous profits off a sick populace and a sick system.
We have a simple choice: either fix these four broken systems or go down the drain. The crony-cartel-state system we have is broke and broken. It's your choice, America--you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable.
For more, please check out Why Our Status Quo Failed and Is Beyond Reform.


If you found value in this content, please join me in seeking solutions bybecoming a $1/month patron of my work via patreon.com.
Check out both of my new books, Inequality and the Collapse of Privilege ($3.95 Kindle, $8.95 print) and Why Our Status Quo Failed and Is Beyond Reform($3.95 Kindle, $8.95 print). For more, please visit the OTM essentials website.

NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.
Thank you, Thomas B. ($200), for your beyond-outrageously generous contribution to this site -- I am greatly honored by your steadfast support and readership.
Thank you, Jean L. ($25), for your remarkably generous contribution to this site -- I am greatly honored by your support and readership.

Terms of Service

All content on this blog is provided by Trewe LLC for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.


Our Privacy Policy:


Correspondents' email is strictly confidential. This site does not collect digital data from visitors or distribute cookies. Advertisements served by a third-party advertising network (Investing Channel) may use cookies or collect information from visitors for the purpose of Interest-Based Advertising; if you wish to opt out of Interest-Based Advertising, please go to Opt out of interest-based advertising (The Network Advertising Initiative). If you have other privacy concerns relating to advertisements, please contact advertisers directly. Websites and blog links on the site's blog roll are posted at my discretion.


PRIVACY NOTICE FOR EEA INDIVIDUALS


This section covers disclosures on the General Data Protection Regulation (GDPR) for users residing within EEA only. GDPR replaces the existing Directive 95/46/ec, and aims at harmonizing data protection laws in the EU that are fit for purpose in the digital age. The primary objective of the GDPR is to give citizens back control of their personal data. Please follow the link below to access InvestingChannel’s General Data Protection Notice. https://stg.media.investingchannel.com/gdpr-notice/


Notice of Compliance with The California Consumer Protection Act
This site does not collect digital data from visitors or distribute cookies. Advertisements served by a third-party advertising network (Investing Channel) may use cookies or collect information from visitors for the purpose of Interest-Based Advertising. If you do not want any personal information that may be collected by third-party advertising to be sold, please follow the instructions on this page: Limit the Use of My Sensitive Personal Information.


Regarding Cookies:


This site does not collect digital data from visitors or distribute cookies. Advertisements served by third-party advertising networks such as Investing Channel may use cookies or collect information from visitors for the purpose of Interest-Based Advertising; if you wish to opt out of Interest-Based Advertising, please go to Opt out of interest-based advertising (The Network Advertising Initiative) If you have other privacy concerns relating to advertisements, please contact advertisers directly.


Our Commission Policy:

As an Amazon Associate I earn from qualifying purchases. I also earn a commission on purchases of precious metals via BullionVault. I receive no fees or compensation for any other non-advertising links or content posted on my site.

  © Blogger templates Newspaper III by Ourblogtemplates.com 2008

Back to TOP