Posts Tagged ‘work’

If stealing 100% of the product of someone’s labor is slavery,

at what percentage is it NOT slavery?

#Picture
https://www.pinterest.com/mkegop/

It’s Better To Be On Disability Than Work Minimum Wage

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.”

From ZeroHedge.com

Always ask The Magic Question: What gets rewarded?

Why welfare, food stamps, and other programs often discourage work

Food stamps, welfare, Medicaid and other tax and transfer systems can sometimes penalize people for earning that extra dollar of income

Economists and many policymakers generally agree that our tax and transfer systems should promote opportunity, work, saving, and education rather than consumption. The problem is these programs often penalize people for earning that extra dollar of income. Rather than promoting work and savings, these implicit taxes punish such otherwise positive behavior.

These penalties occur in TANF (formerly welfare), SNAP (formerly Food Stamps), Medicaid, the new health exchange subsidy, Pell grants, student loans, and unemployment compensation. The tax code also is loaded with disincentives to work, save, and study.

Read more by Gene Steuerle at csmonitor.com

Man vs. Machine: Will Human Workers Become Obsolete?

http://www.youtube.com/watch?v=wb2cI_gJUok

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

Why a single mom is better off with a $29,000 job and welfare than taking a $69,000 job

The U.S. welfare system sure creates some crazy disincentives to working your way up the ladder. Benefits stacked upon benefits can mean it is financially better, at least in the short term, to stay at a lower-paying jobs rather than taking a higher paying job and losing those benefits. This is called the “welfare cliff.”

Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works.

Read more by James Pethokoukis at American Enterprise Institute

WaPo wonders: What will hundreds of thousands of job permits do to the economy?

I asked the same question in an update to Erika’s post on Barack Obama’s unilateral move to accommodate young illegal immigrants by refusing to deport them and issue them temporary work permits instead. With potentially as many as 800,000 new workers flooding into the system, what happens to the millions of Americans who can’t find work now? The Washington Post wonders the same thing, and more:

Read more by Ed Morrissey at HotAir.com, June 16, 2012

Reaganomics vs Obamanomics

Starting your business in your parents’ garage
versus
Starting your 30s in your parent’s basement

#Picture
https://www.pinterest.com/mkegop/

Republicans on Twitter
RPMC Events Calendar
Talk Show Hosts on Twitter