Rant: What did we THINK was Gonna Happen?
Economic figures are out, and it ain’t looking good. Of course WTH did we think was gonna happen?
If one is a small business owner and is FORCED to pay for insurance for their employees, and is limited in company growth with regulations for such, it doesn’t take “Captain Obvious” to figure this one out.
I’m no economics major, but think about it..when we assimilate a large part of South America into our economy it’s sorta obvious what’s going to happen*.
It’s no shocker that education and socioeconomic status have a correlate with health. It’s also no shocker that the ones who were previously WITHOUT insurance are going to be disproportionately from this end of the spectrum and the enrollees.
In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”
Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton.
Translation: Our business “circle of life” is headed right down the cra**er.
*I have a beautiful hispanic daughter, so it’s not with any racist leanings that I say this.