Friday, January 29, 2010

UNEMPLOYMENT

We all know that an ailing economy is at the root of the jobs problem. Fix the economy and there will be jobs, maybe not the same ones, but maybe new occupations and careers. Is the answer then more education? No,

as it is, our BS, MS and PHD graduates are happy to have any job, however menial.


Still there is work to be done, but businesses are reluctant to hire. They simply cannot afford to add to their payrolls and are in fact shrinking their

employed numbers or resorting to part time help. What are the true numbers of unemployed. Probably have to go to John Williams "Shadow Stats" to get a real number without the government sanitizing the numbers.


But for purposes of this article, the rate is above 17%; for black men it is

25%; for youth it is 30%. Certainly the reason for this is the ailing economy and all of it's non-functioning pathology. But for a moment let's look at Mr.

Employer and his burdens:

barriers to employment

*A high minimum wage keeps part of the workforce out of a job, Mr. Employer can only afford a few employees at this mandated rate.

*A high payroll tax robs many of potential work.

*Lawsuits threaten employers who fire workers.

*Unemployment insurance requirement to pay for non-work.

*High cost of business start ups with fees and taxes.

*Withholding taxes that if not paid will allow the IRS to close down the business and sell off the assets.

*Age restrictions that keep everyone under 16 unemployed.

*Social Security, Medicare and Income taxes take up to half of wages.

* Labor unions and closed shops prevent the free market negotiations for jobs and wages.


Yet ask anyone if these laws are unfair unproductive and anti-freedom and you will get angry responses hat these laws and conditions are necessary

for our safety net workplace and in America we don't have slave labor. Such is the indoctrination of socialism in America's people, and their political IQ.


With Love and Kindness,



THE HATMAN




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