We’ve always said that ObamaCare, for all its flaws, could become the instrument by which responsible reformers renew their push for health care that delivers value for money. In the meantime, however, no worthwhile thoughts about ObamaCare, pro or con, are to be heard from people who count a program as a success just because Americans enjoy receiving benefits at the expense of other Americans.
Source: ObamaCare Beyond the Handouts – WSJ
When will Americans learn that in today’s globally connected world corporations have a choice where they make a product or service. It is up to our Federal government to compete for jobs just like our state governors and city mayors have been competing for decades.
President Barack Obama’s plans for a pan-Pacific free trade zone have stalled after Democrats defeated a key portion of legislation aimed at speeding negotiations.
“In two weeks the U.S. will have neither trade deals, nor an export bank. And at that point we’re going to be in full retreat on the global economic stage,” Immelt said.
Without Ex-Im, major export deals will be lost to China, Japan and Europe, where there is aggressive government support for exports, he said. Since GE does not want to lose that business, it will move production to countries where it can take advantage of export credit agency support.
Click here to read the rest of this article... (193 words, 2 images, estimated 46 secs reading time)
Today’s kids need to consider a role in IT. Here is a quick paragraph from a recent Wall Street Journal article.
It doesn’t hurt their cause that the Bureau of Labor Statistics projects that there will be one million unfilled jobs for programmers in the U.S. by 2020. And that may be an underestimate, … He adds that the more software and hardware humans create, the more jobs in software there are, as new platforms like smartphones and drones spawn their own software ecosystems.
With the move to $15 or higher minimum wage, you can bet there will much more “shadow work” that will be moved to consumers or lost to automation. Shadow work is all the unpaid jobs we do on behalf of businesses and organizations: We are pumping our own gas, scanning our own groceries, booking our travel and busing our tables at Starbucks. Shadow work is a new concept, so as yet, no one has compiled economic data on how many jobs we, the consumers, have taken over from (erstwhile) employees. Yet it is surely a force shrinking the job market, and the unemployment it creates is structural.
Click here to read the rest of this article... (224 words, 2 images, estimated 54 secs reading time)