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Most small businesses hire part time, minimum wage workers. A significant portion of new small businesses fail for reasons due to the ownership.
Small businesses that hire professionals tend to rely on independent contractors, a trend that began in the 90's.
Very true. It allows you to hire help without paying benefits or health insurance. It's really the only way some small businesses can survive. I hire drivers and I have to hire them this way.
Still though, its money. The employees (independent contractors) can write off some of their expenses at the end of the year so sometimes it balances out.
I've been on both ends of the spectrum. Can be a good system especially for those looking for temporary work or who are entrepreneurs.
Whereas isn't it funny that with their immoral, corrupt, and greedy actions the bankers and financial industry terrorists who nearly brought the country to the edge of financial ruin continued to get huge salaries and out-size bonuses, and now that they are doing well, they get huge salaries and out-size bonuses. It looks like the only people who suffer during a recession are the little people.
Not only that, but they're still using shady business practices to continue to prey on the population.
no, what i want is for REAL health care reform. instead of forcing everyone into a particular package, there should be options. instead of forcing health care insurance companies to set up a complete office in every state, lets let them consolidate like other insurance companies are allowed to do so that everyone competes, which lowers rates for everyone how buys health insurance. i want the federal government OUT of the health insurance industry as much as possible, especially in the regulation of health insurance. obamacare now has something like 22,000 pages of regulations that health insurance companies and healthcare providers have to follow. and the feds are only getting started. and remember that every regulation that any government agency puts on any business costs money to comply with. doctors offices are having to put people on the payroll just to deal with the regulations, and that forces doctors to charge more money for their services.
in the end, having the employer pay for part of an employees health insurance works as long as the government stops piling on and jamming crap down our throats. back off the regulaitons, and let the insurance companies compete for our dollars, and you will find the cost of insurance will come way down.
That's funny. I want the for-profit health insurance companies out of our healthcare. Think how much we would all save if we didn't have insurance companies sucking up billions of healthcare dollars.
Health care should be thought of as more of a utility than a consumer good. Because it's not a consumer good. I can decide whether or not to buy a car, or a phone, or even some food products. But I can't choose whether or not to be sick. It's time we stopped treating healthcare as a consumer product.
In most cases the insurance compnaies are not suckig up profits 'they are apid to actaulul manage claims with most comnaies who are self insured.Even insurance carriers have to have reinsurance to cover over a certai amount'Lookig at the medicare governemnt insurance ;which is what it is;they don't seem to be mangig it too well with the cost goinf upo and they have a monopoly with pretty muhc worse resutls for thsoe covered over private insurance. More and more doctors will not accept it alone .We saw what happen oner Bill clinton when one payer failed to pass and now what we se coming. its universal after they couldn't even provide health insurane one payer because of cost .its no cheaper whe govenrment pays as seen by medicare trusteees last reprot. Mnay just want free but that is avilable if you qualfiy for medicaid. Otehrwsie the government says you shoud buy ;pain and simple.
In most cases the insurance compnaies are not suckig up profits 'they are apid to actaulul manage claims with most comnaies who are self insured.Even insurance carriers have to have reinsurance to cover over a certai amount'Lookig at the medicare governemnt insurance ;which is what it is;they don't seem to be mangig it too well with the cost goinf upo and they have a monopoly with pretty muhc worse resutls for thsoe covered over private insurance. More and more doctors will not accept it alone .We saw what happen oner Bill clinton when one payer failed to pass and now what we se coming. its universal after they couldn't even provide health insurane one payer because of cost .its no cheaper whe govenrment pays as seen by medicare trusteees last reprot. Mnay just want free but that is avilable if you qualfiy for medicaid. Otehrwsie the government says you shoud buy ;pain and simple.
Are you kidding me? Healthcare insurance companies don't make profits? Their CEOs and top executives don't make millions of dollars that would be better spent on actual HEALTH CARE?!
Hundreds of millions of America's health care dollars have gone to health care insurance companies throughout the years. And do you know how much of that money went to actual HEALTH CARE?---zero.
About 30 % of the for-profit health insurance company costs are over-head. In contrast, the overhead to operate Medicare is 3 %. Think about it. I can assure you that no one who is running Medicare or Medicaid is making $13 million a year.
Too many Americans have bought into the corporate view of medical care as a for-profit consumer good, so that we can't even see how wrong that view is.
Are you kidding me? Healthcare insurance companies don't make profits? Their CEOs and top executives don't make millions of dollars that would be better spent on actual HEALTH CARE?!
Hundreds of millions of America's health care dollars have gone to health care insurance companies throughout the years. And do you know how much of that money went to actual HEALTH CARE?---zero.
About 30 % of the for-profit health insurance company costs are over-head. In contrast, the overhead to operate Medicare is 3 %. Think about it. I can assure you that no one who is running Medicare or Medicaid is making $13 million a year.
Too many Americans have bought into the corporate view of medical care as a for-profit consumer good, so that we can't even see how wrong that view is.
There are maybe 2 insurance company CEO's on that list. The only health oriented CEO in the top 10 is the CEO of HCA - a hospital chain. In contrast, there are 9 other CEO's in that list related to healthcare, medical devices, pharmaceuticals, or pharmacies (CVS).
There are maybe 2 insurance company CEO's on that list. The only health oriented CEO in the top 10 is the CEO of HCA - a hospital chain. In contrast, there are 9 other CEO's in that list related to healthcare, medical devices, pharmaceuticals, or pharmacies (CVS).
Maybe they could make more profit if they didn't pay their top executives such outlandish salaries. Every single CEO on the list I posted works for a health insurance company.
Profits are bad when healthcare is treated like the auto industry, or the entertainment industry. Healthcare should be a right, not a privilege. It should not be based on how wealthy you are. People should not be making millions of dollars from American's healthcare dollars. The money spent on healthcare should go to healthcare not hundreds of millions of dollars in executive pay. How does that improve the health of the nation? It may improve the bottom line of a corporation but I'm talking about the nation's HEALTH.
ALL of those industries in the graphic you posted are making excessive profits. The average profit for all industry is about 2.8 %. That is considered good. These profits are ridiculous. And we wonder why America spends about twice as much per capita on healthcare than any other nation does.
The only reason health industry profits seem lower than some other industries is because the biggest corporate blood-sucker leeches of all, the financial industry, leads everyone in sucking the life-blood out of the American people and economy.
Maybe they could make more profit if they didn't pay their top executives such outlandish salaries. Every single CEO on the list I posted works for a health insurance company.
Yes and they aren't even one of the top 100 paid CEO's. The only health related CEO in the top 20 is the CEO of a hospital chain. Besides, $7 million isn't much for a CEO of a large company.
Profits are bad when healthcare is treated like the auto industry, or the entertainment industry. Healthcare should be a right, not a privilege. It should not be based on how wealthy you are.
The dollar is actually fairly strong visa vi the other major currencies and even if it wasn't that would only effect imports not domestic production. In fact, it would more than likely increase exports thus leading to job creation.
In any event, as just about every economist with half a brain, we have a demand problem. There is over supply in just about every industry while demand remains slumped. Industry won't hire because they already can't find buyers for what they're currently producing plus they've learned how to brow beat concessions out of workers to get them to produce more for less money. The old right wing supply side economics won't help anyone do anything because we have excess supply and instead if you want to increase employment & output you MUST increase demand so that companies actually have orders to fill and thus a need to hire new workers.
Everyone talks about the demand/supply of the workforce. I agree we have too much supply. To me, the reason is the labor participation rate. We are at a lower rate than we have been for decades. Why? because millions are out of work and many have been out of work for more than six months. In particular recent college graduates are swimming in mountains of debt for an education that they were told they were needed to be successful but yet they cannot get the jobs to pay to cover all their expenses.
I agree that we need to increase demand. How do we do this? There are a few options.
Quote:
Originally Posted by NHartphotog
There is ONE way to improve our economy, and that is to do a HUGE tax cut for everyone making under $250,000 a year. With people able to spend their own money to improve their lives, rather than Washington wasting it and funneling it to either the ultra rich and the very poor, we'd see a big rebound in local economies. And best of all, EVERYONE WINS, and everything was voluntary.
I don't think making any more tax cuts will help. If we look at tax revenue coming in, this will hurt the government (unless they wish to cut a LOT of programs and waste.) The government will lose more tax revenue from the MAJORITY of tax revenue collected than to off-set by taxing the rich. I will look at the 28% tax brackets and lower. I am listing both single and joint filing rates. At 10%, an individual can make up to $8,925 while a joint filer will make u to $17,850. At 15%, a single makes in between $8925 and $36,250 while making between $16,850 and $72,500 will put you in this bracket fling jointly. At 25%, individuals will make between $36,250 and $87,850 while filing jointly will put you in the bracket if you make between $72,500 and $146,400. Finally at 28%, singles will make between $87,850 and $183,250 while combined wages between $146,000 and $223,050 will put joint filing in this bracket.
As you can see, this is likely the brackets most Americans are in. Guess what, by taking this elusive part of the tax revenues coming in, it ultimately hurts everyone because even at 100%, the rich will not be able to foot the bill for this tax cut. At some point, we will need to raise taxes on everyone to cover the government spending.
Quote:
Originally Posted by Think4Yourself
This means a real stimulus, not one which is 70% tax cuts (which is supply side stuff which won't help in this situation) like the one in 2009, and instead and actual New Deal style stimulus where we actually go out and build things like roads, bridges, new schools, canals, new airports, etc... THAT is how you create new demand, how you get factories hiring new people to meet new demand, and how you get money actually trickling into the pockets of people who will spend it rather than just stuff it in a secret over seas account like Romney and Co always do.
IMO, this is what we need. We will need more people to take part in these projects. People who are in need of work and better wages. Even if it doesn't tick the meter, it will make things better for at least two generations. If it does, it could increase demand and there by increase other jobs which in turn creates more jobs. The issue is the jobs created are not enough of a drop in the bucket to really increase demand.
The final option is repealing Obamacare. We have seen MANY firms cutdown employees to part-time status so they do not have to provide health insurance (remember if you make enough to not qualify for medicaid, you will have to pay for it out of pocket.) This added expense has clamped down on full-time hiring and caused firms to either go into making full-time employees part-time, hiring part-time, hiring temporary workers or working with outsourcing (NOT OFF-SHORING jobs to China, India, ect.) firms. I feel that this has hindered recovery since it was signed into law.
There are maybe 2 insurance company CEO's on that list. The only health oriented CEO in the top 10 is the CEO of HCA - a hospital chain. In contrast, there are 9 other CEO's in that list related to healthcare, medical devices, pharmaceuticals, or pharmacies (CVS).
The main reason they can charge such high margins is because they're mostly protected from competition or at least competition is extremely limited while the people who get sick often are told "buy this or you die" so they literally can milk every last cent out of desperate people. It's an immoral business which doesn't respond to normal market forces therefor it needs to be regulated like a monopoly or, better yet, run like a public utility with government ownership just like municipal water systems.
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