If you had a company and could make people work for free, keeping all the proceeds just for yourself, you might do that. If you could. What’s stopping you? There are plenty of unemployed people in the country and in the world – more every day thanks to population growth, and computers and machines doing more of the work that needs to be done. more »
WHO IS OBAMA’S “FORGOTTEN MAN?”
(FIELD NOTES FROM THE “LAGGING INDICATORS”)
These unhappy times call for the building of plans that rest upon the forgotten, the unorganized but the indispensable units of economic power…that put their faith once more in the forgotten man at the bottom of the economic pyramid…No Nation can long endure half bankrupt. more »
Our economy is not structured to produce enough jobs. Tomorrow's jobs report is expected to show as many as 200,000 jobs created in March, but a lot of that is temporary Census hires, and even 200,000 jobs created is still 2-300,000 fewer jobs than number of new entrants into the job market each month! more »
It's been a fascinating anthropological exercise to watch the health excise tax concept (the so-called "Cadillac tax") keep its popularity among Democratic and liberals, even as one study after another discredits the assumptions behind it. It's the Democratic equivalent of trickle-down economics - an idea that doesn't seem to die no matter how much it's contradicted by the facts. more »
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