Wednesday, 25 January 2017

Want to Bring Back Jobs? It's Impossible Unless We Fix these Four Things

oftwominds - Charles Hugh Smith:



It's your choice, America--you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable.
If there is any goal that might attract support from across the political spectrum, it's creating more fulltime jobs in the U.S. But this laudable goal is dead-on-arrival (DOA) unless we first fix these four things. Why is job growth stagnating? Many point to automation, and yes, that is a systemic dynamic that will only expand going forward.
But much of the stagnation is the direct result of the high costs and structural failures in these four inputs to the job market. U.S. healthcare costs more than twice as much per person as healthcare per person in our advanced-economy competitors. Why would anyone open a business in a nation so poorly run that healthcare costs twice as much as it does everywhere else?
The American people are not healthy. Obesity / obesity-related diseases and opiate addiction are both epidemic. Workers struggling with lifestyle-caused chronic diseases cost more to hire and to help.

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