When the economy doesn’t grow enough, we can’t absorb new entrants to the workforce, it doesn’t provide a demand on labor greater than supply, we don’t create new small businesses who see customer needs more accurately than larger companies;… all of us are in trouble.
We tend to fight over the pie rather than growing it. Minimum wages that restrict new job holders from finding work, driving automation to eliminate employees (automated hamburger machines are coming, you can already order your food via Kiosk and go pick it up). Unions who demand more jobs than the company can afford and be competitive. Public associations that make firing someone overly difficult, thus reducing hiring and providing less than stellar service from the incompetents who stay.
The solution; reducing enough regulations and processes so that the U.S. returns to the top five of places that are the best to do business in, we have been sliding down that list for over a decade. Look to where public employees and the government have sat down to work out reasonable rules and pay that makes government efficient and a desirable place to work; and implement those solutions (see WSJ July 24, 2016, “Critics of Wisconsin’s Public-Unino Reforms Keep Firing Blanks.” CJ Szafir and Collin Roth). Ensure regulations have a cost benefit analysis completed before execution, Congress should cut off funding if the regulation doesn’t comply.
Both sides of the issues have valid points, stop yelling and calling each other names as though the other is the incarnation of the devil. Compromise, good grief, it is like 3 year old kids fighting over toys.