Feb

Standing up for job creation:

You may recall back on Jan 23, I wrote a post on New York’s ridiculous idea in joining Maryland by forcing large retailers to pay a $3 an hour tax for each employee to cover healthcare costs. As I said then, such policies are disastrous for not only the company but also the state that implements it. Price floors as they are known in economics, only lower the demand for workers, which leads to higher unemployment. Wage flexibility that moves with current labor demand is the only way to keep unemployment low and is why we have currently 4.7% unemployment in this country compared to the 11% unemployment rate in Germany.

It looks like now I’m not the only one complaining. Yesterday a national retail trade association filed a lawsuit against both Maryland and New York for coming up this job killer. As the CEO of Best Buy, Brad Anderson said in his statement, which was reported in the New York Sun by Tom Stuckey, “We all agree that access to health care is vital, but these spending mandates will drive away business and discourage job creation”.

I couldn’t have said it better myself.

This post and the contents thereof are the views of only the author identified immediately above and do not necessarily represent the views of the New York Young Republican Club, Inc. (the "NYYRC"), its officers or its members. The NYYRC expressly disclaims responsibility for the contents thereof and by its charter documents may not, and does not, endorse any candidate for any office, except in a general election.

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2 Comments

RonReaganJR
February 8th, 2006 at 10:40 pm

If we could all be so lucky and just have government VA benefits from the socialist government like your father, then we wouldn’t have to hold companies accountable for exploiting workers.

Ha Ha Ha…

Meghan XX OO

Nick Vertucci
February 9th, 2006 at 8:49 pm

Meghan, you can’t blame current people who are on the system when they have no other alternative. If the only restaurant in town only sells chicken, then you have to eat chicken.

What the President and other Republicans are referring too when it comes to healthcare and social security is coming up with a better system for future retirees. People like the members of this club. They have no intention of pulling the rug out from current beneficiaries, which would just be plain suicide.

Democrats and the AARP are just using scare tactics on the issue. Democrat as usual wants as many people as possible to be dependent on the system.

The AARP is scared that if retirees in the future have their own plans they will no longer be needed and view reform as a threat.