Think of this as Volume 12, Number 42 of A-Clue.com, the online newsletter I've written since 1997. Enjoy.
It's the question every journalist is asking. Where are the jobs?
By this point in the economic cycle unemployment should be falling, not rising. People who have jobs, like my dear wife, are incredibly productive and highly profitable. Many are being pressed to the limit, forced into free overtime for fear they will join the ranks of the unemployed.
But put yourself in an employer's place a moment. You want to hire someone. How much will it cost?
Right now you don't know. The salary is not at issue here. The question is what will you have to pay for health care?
Until there is visibility on health care costs, which is not a question of how much you pay but knowing what that how much is, it's impossible to justify a new hire. Once a health care bill passes (or fails) you will know and be able to make a decision. Until then, no.
The good news is that the economy is on the mend, thanks to the radical interventions of the last year. Sure, those interventions have increased the deficit, but look at it, again, from an employer's perspective.
The business is failing, and a new machine might increase production and productivity, but it will take debt to buy. If you don't buy you fail, but if you do buy you take a risk. So you buy. You're incorporated and thus protected from the personal consequences of failure to an extent.

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