The Higher Minimum Wage Problem

                       

Increasing the minimum wage when jobs are scarce is stupid, yet it is almost an annual campaign for certain politicians.

                       

Because research shows minimum wage increases always cost jobs of entry level workers. It is especially criminal to impose higher minimums during a recession. That stymies the possibility of stimulating any increase in job opportunities.

                       

Those at lower levels generally leave for higher wages or get raises with time. It’s usually not the same worker remaining at that level. A fact proponents conveniently overlook. The vast majority of folks do not remain at that level forever.

                                             

Employers must think twice in estimating the value and affordability of their workers. Particularly among small businesses who are responsible for the bulk of American employment.

                       

The minimum wage is a ploy of powerful unions whose contracts are then automatically revised up from minimum wage levels. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.

   Deadly  Windmills and Birds

                       

We know that wind power has to be subsidized by the taxpayers, in the effort of environmentalists who attempt their crackdown on carbon fuels. The same enthusiasts who are rabid for inefficient solar power and allied forms of green energy.

                       

But the self-styled environmentalists also love all lower forms of cuddly beings. What then, about the close to 600,000 birds killed each year by the  wind farms? All is quiet on that do-gooder front. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Why Entrepreneurs Often Fail

                       

Highly creative entrepreneurs often build a business from scratch and do extremely well quickly, expand rapidly, only to see their business suddenly fail. There are generally three major reasons for such failure.

One: Many entrepreneurs are poor planners from the start. They often lack an efficient business plan, to guide them in their financial start-up planning.                                           

Two: They lack sufficient funds. Because of poor planning many are in the dark about the amount of capital they will need.

                       

Three: Many entrepreneurs are incapable of managing a rapidly expanding business, or getting an adept manager who can. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Insurance for Childbirth Expense?

                       

A distinction should be made when buying insurance for childbirth costs, that is coverage for a probable event, as opposed to catastrophic, potential events. You buy insurance should you have an automobile accident and not for the purchase of gasoline.

                       

In the same way, you buy health insurance in case you suffer an illness worse than a common cold. If you intend to have several kids, you are not courting serious sickness. You are anticipating probable need. It’s not awaiting an accident or getting chronically ill. Unless childbirth evolves into a medical emergency.

                       

Routine childbirth costs can be reduced under competitive bidding, apart from other, health insurance coverage, at much lower prices than they are today, without government interference.

                       

There ought to be means of separating these two, basic kinds of coverage.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Economic Forecasters?

                       

Surveys show that forecasts of the future economy made about 25 years ago were usually proven wrong almost without exception. So why do we accept opinions of all the purveyors of such prognostication?

                       

One prediction ought to be a sure thing for the future of America. Inflation, brought on by unprecedented budget deficits. Deficits that cannot produce a viable economy, especially if politicians look to taxation as a means of reducing the problem.

                       

Deficits have never before been reduced by taxation,(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Fictitious Unemployment Figures

                       

Unemployment numbers can be very misleading. They can be adjusted after publication because of errors and short-term occurrences.

Other considerations must be part of the analysis. Such as job creation. Look at that alongside the unemployment figure.

                       

Other factors: The length of time folks are unemployed. The number of those taking unpaid leave from existing jobs. People who have given up looking for work. Those who may have taken early retirement.

The possible diminishing size of the average work week.

                       

All of these affect what we note as unemployment.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Privatized Social Security Need Not be Risky

                       

The question of privatizing Social Security will never be resolved if the financial and general media continues  to mishandle the subject. There are facts which never get through the rhetoric the media helps expound.

One: It has been tried in other countries and in some states and it works.

                       

Two: Folks get to own their own investments in a genuine lockbox. Come hell or hot water, the funds belong to them or their heirs.

                       

Three: The subject should have little to do with the vagaries or the volatility of the stock market. An option for all is ownership in U.S. bonds, which can be tied to the inflation rate, for those who don’t like to buy stocks.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)