Showing posts with label economic regulation. Show all posts
Showing posts with label economic regulation. Show all posts

07 March 2011

The Search for Employment in America

There is a constant theme in America today: We need more jobs, find us more jobs, the stimulus was supposed to create jobs, JOBS, JOBS, JOBS!

Well, here's an observation from my little corner of the world: People don't want to work!

I know of a company that pays reasonably well for its area, has a great local reputation and the job is relatively prestigious for a service industry position. The number of viable candidates for this position: 0! That's right, zero. Most of the applicants have terrible work histories, no experience or a very unreliable background.

What people really want is to continue to collect their unemployment checks until their old job in their old field comes back. Newsflash: That ain't gonna happen! Buggy whip makers had to find something else to do and so should you.

A lot is made of the fact that America has lost thousands of manufacturing jobs overseas. So what! First it was the Japanese, then the robots and computers, now it's the Chinese and the Indians. Let 'em have the manufacturing jobs. Go back to school, learn computer design or entrepreneurship or alternative energy science or anything with a future.

I hear you saying it: But this is what my daddy did and his daddy before him. This is what I want to do?

Really? And what about his daddy or his daddy... chances are somewhere along the line one of your ancestors decided to stop scraping a bare existence out of someone else's soil and went and found a new skill.

America has the opportunity to be the world leader... not by going backward to the industries that made the 20th Century- "the American Century,"  but forward into  the 21st Century. We don't need to do the building, other people will do it for us. What we need to do is tell them what to build. No one in the world is better than Americans at innovation and invention.

What are the keys to a Great American Future?

1) Education. If we can get back to educating our students, we will be better able to dominate world business. This includes making college more affordable and more worthwhile. (See my blog posting on philosophy in school.)

2) Reasonable, Restricted Accountability in Business: Government in the US should make sure that the businesses that are perceived by the world to be American companies are leading the world in human rights, environmental responsibility and fiscal transparency.

3) Industry Oversight Organizations: Groups assembled by different industries to oversee the conduct of companies in their industry. A little bit of self-control would be wonderful.

4) Taxation with a Purpose: The endless cry that taxes are too high misses the point. Americans are willing to pay for what they get, but governments (local, state & federal) need to show people in a clear and simple way, where their money is going. Justify what you take and we will care less that you take it.

5) Predictable Policies Toward Business: Every time a new party takes over they begin to dismantle the stuff that the previous governments put in, regardless of whether they are working or not. Kill the things that don't work and try new things. Stagnation is worse than confusion, but not much.

These are just the beginning of ideas to move America into the 21st century.

01 March 2011

Unfinished Business is the Linchpin to Gov. Walker's Budget

During his address to a joint session of the State Legislature, Governor Scott Walker repeated several times that the "tools" provided by the Budget Repair Bill will be necessary for local governments to balance out the cuts proposed in his biennial budget.


The problem is that the Budget Repair Bill has not passed and soon will be a moot point.

According to Governor Walker, the changes to collective bargaining provided by the Budget Repair Bill would allow local governments to not only compensate for the cuts in state aid, but allow them a surplus that they can apply to other parts of our childrens' education.

At the same time, he proposes freeing the UW Madison and UW Milwaukee from the constraints of answering to the state. He also proposes the creation of charter schools all over the state and parents' choice in the Milwaukee area as well.

In this one man's opinion today, that is a lot to promise while cutting the budget significantly.

It remains to read in the budget what parts will work and which ones won't.

27 February 2011

Getting Back to Work

I was reading a blog posting by David Leonhardt about putting people back to work.

He made the point that the government is not really trying... I agree. I also think that placing some controls on the economic markets would be a great help.

There is a lot that the government, federal and state can do to help people get back to work. One of the major lessons of the post-World War II era was that education can give us a huge wave to ride. The GI Bill educated an entire generation. That generation, the so-called Greatest Generation, built the America of the 1950's and 60's. Education was the one of the largest contributors to the improvement of our economy.

There is no real effort to stop the Bank of England calls the "doom loop." Like a house that gets shaken by enough earthquakes, eventually it will fall and not get back up. What we need is some logical regulation of Wall Street. The Great Crash of 1929 was caused by Wall Street speculators and led to a real loss of wealth. The current rise in gas prices, that might cripple our recovery, is caused by speculators panicking. We need to stop the rampant speculation on necessities. Let Wall Street bet on Nascar or football. They need to stop betting on derivatives of  derivatives of imaginary markets.

Ayn Rand believed that free markets, truly free markets, would help make everyone richer. She didn't count on Bernie Madoff that same way the Bolsheviks didn't count on Stalin.

Our economy is on the upswing, things are getting better. Now is the time to stop the rabid gambling and thoughtless capitalism that got us into the situation that we are in now. A little logically placed controls run by someone other than the people who created these false markets might stop this destructive cycle.

Read more here: Economix