Posts Tagged ‘unemployment’
Call it the million-worker mystery.
A large chunk of American adults are no longer in the labor force. That has left economists divided over how many of them are voluntarily not working-or even looking for work-because they wanted to retire, go to school or take care of family members, versus how many have been forced out because they couldn’t find a job.
Read more by Allison Linn at CNBC.com
Before Governor Scott Walker took office in January of 2011, Wisconsin was seeing high unemployment, stagnating incomes and a high tax burden. Fast-forward four years: The state enjoys strong growth in employment and improvements in living standards through higher after-tax incomes. Thanks to a fiscal policy of reducing tax and regulatory burdens while balancing the budget, Wisconsin now outperforms many of its neighbors.
Read more by Noah Williams at Forbes.com
As a declared presidential candidate, Sen. Rand Paul, R-Ky., should generate even bigger headlines when he addresses black audiences, as he has at Howard University and other venues. When he was executive of mainly Democrat Milwaukee County, Gov. Scott Walker, R-Wis., appealed to black voters; his re-election majorities consistently increased.
These and other Republicans should ask black Americans for their votes from now through November 2016. They should do so by challenging blacks to ask themselves an honest question: “What, exactly, have you gained by handing Obama 95 percent of your votes in 2008 and 93 percent in 2012?”
Read more by Deroy Murdock at Newsmax.com
The sad truth in the USA, as we explained in great detail here, incentives to ‘work’ are increasingly non-existent. Thanks to a never-ending stream of benefits from the great and powerful Oz, as CNBC’s Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate) pay around $13,000 per year (versus $15,000 for minimum wage work). However, Santelli exclaims, the people on disability get healthcare; and this program costs the US $300 billion per year. Is it any wonder that only 1% of those who were on disability in Q1 2011 have left? Santelli comments, “I’m not saying there aren’t people that are on disability that shouldn’t be, but much of it is illnesses like back pain… it’s a judgment call,” adding that, “without incentives, large issues go …totally unfixed.”
Always ask The Magic Question: What gets rewarded?
Remember one year ago, when President Obama was claiming that unless Republicans again renewed the temporary, extra-long unemployment benefits enacted in the depths of the recession, the economy would suffer?
Remember how his advisers claimed that if Congress let unemployment benefits return to normal, 240,000 jobs would be lost, and how a New York Times columnist claimed it was because Republicans liked to “afflict the afflicted”?
Republicans did not heed the president. The unprecedented 99 weeks of extended benefits expired. Unemployment benefits returned to normal.
And last week, President Obama was declaring 2014 “a breakthrough year for America.” Remember that?
A groundbreaking new study explains why it was such a good year, Investors Business Daily reports: It was because Republicans ignored Obama’s advice, as 60% of the jobs gained last year were due to the cutoff of extended unemployment benefits.
I’ve said as much, but now others are saying so, too. . . .
Read more by Sen. Ron Johnson at RonJohnson.senate.gov
It’s one of the most fundamental political questions of our time: What’s driving the growth in government spending? And it has a relatively straightforward answer: first and foremost, spending on health care through Medicare and Medicaid, and other major social insurance and entitlement programs.
But I thought it was worth reviewing the evidence in a bit more detail. There are a few surprises along the way, some of which liberal readers might like and others of which will please conservative readers.
The Web site usgovernmentspending.com has an abundance of data on federal, state and local spending at different points in time. My focus will be on how government has been spending its money in the present and the past, rather than evaluating any future budgets or projections.
Read more by NATE SILVER at fivethirtyeight.blogs.nytimes.com
Take a look at our comprehensive plan for the next four years called “Continuing Wisconsin’s Comeback.” This plan is built to provide greater prosperity for all. Over the next four years, we want to help people keep more of their paychecks, we want to help people learn more to earn more through increased investments in worker training and by freezing tuition, and we want to move people from government dependence to true independence.
If re-elected, I will:
- Cut property taxes so the levy on a typical home in 2018 is lower than it was in 2010.
- Reduce income taxes so they are lower in 2018 than they are today.
- Provide tax relief for manufacturing and agriculture.
- Fight Obamacare, which is raising health insurance premiums for many in Wisconsin.
- Expand worker training investments.
- Freeze technical college tuition and continue the UW System tuition freeze.
- Establish accountability measures for all schools receiving public funding.
- Establish high standards for students at the local and state level as an alternative to measures set by people outside of Wisconsin.
- Put common sense limits on the time able-bodied, working age childless adults can be on public assistance.
- Require drug testing for those requesting unemployment and able-bodied, working age adults requesting food stamps from the state.
- Require working-age childless adults receiving food stamps or unemployment benefits participate in employment training or part-time work.
Wisconsin is on a comeback and the future is bright and getting brighter every day. We are better off than we were four years ago and if we continue on this path we will be better off four years from now. Let’s not bring back the days of double-digit tax increases, multi-billion dollar budget deficits, and massive job loss.
Part of his series on Making Sen$e of financial news, Paul Solman has been showcasing the future of technology from a recent conference run by a California think tank — things such as 3-D printing of prosthetic legs and iPhone heart tests. But the conference also resurfaced an age-old question about the future of human workers.
For more coverage, visit the PBS NewsHour website: http://to.pbs.org/KmnmYD