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Thread: Doe Trump Affect The Economy?

  1. #41
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    Quote Originally Posted by aboutenough View Post
    So you think consumer confidence will change in one month and all manufacturing will instantly come back. I wish it would happen that fast, but there has been bonus increases and wage increases due to the tax cut. I am hoping America bring business back to this country rather then not. The Stock Market is a good sign that there is profits and hope for a prosperous future.
    Pretty cool! Corporations get a tax cut, and employees get a take home hike is pay courtesy of uncle sam.

    Corporate profits have soared, in the last decade especially, particularly because of three things: Globalization has pushed down the cost of labor available to multinational corporations; technology has allowed companies to make more with fewer workers, in general; and Big Finance has gobbled up the economy, as the banks' share of total corporate profits has tripled to about one-third since the middle of the last century, according to Evan Soltas.

    https://www.theatlantic.com/business...conomy/273687/

  2. #42
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    Quote Originally Posted by aboutenough View Post
    Have you got any better ideas to promote a more prosperous economy? I’m sure all Americans would like to hear anything that works
    Universal single payer health insurance.

    A 2008 Harvard study found 11 million Americans said they'd kept jobs they wanted to leave to avoid losing health insurance. The study popularized the term "job lock."

    The Affordable Care Act gave Americans their first real opportunity, as individuals, to purchase affordable, portable health insurance. Millions of people pay premiums at least in part with subsidies based on incomes. This was a major change that freed many people to pursue entrepreneurial opportunities they could not have pursued previously without being uninsured after losing employer health insurance benefits.

    The law freed many to create “non-employer” businesses -- freelancing -- which have provide the entrepreneurial ecosystem with flexible, skilled workers who run their own businesses. The rise in skilled labor supply has fueled a rise in demand, as skilled independents successfully build businesses for entrepreneur clients everywhere.

    https://www.entrepreneur.com/article/300649
    In addition to encouraging entrepreneurship, it would make american business more competitive.

    In Japan, Toyota enjoys the economic benefits of universal health care. Because of universal health care, Toyota’s production costs are $1,400 lower per vehicle than the cost for American manufacturers.

    That translates directly into competitive advantage, as Toyota makes $2,400 more per car than its U.S. counterparts. Back in the United States, GM has said that the cost of providing health care for its workers adds between $1,500 and $2,000 to the price tag of every vehicle it sells. Alan S. Blinder, an economist at Princeton, has estimated that between 28 million and 42 million American jobs are at risk of being moved “offshore” in the near future, as technology reduces the friction of moving abroad. What can we do to keep U.S. automakers and other manufacturers in the country? Could instituting universal health care help?

    https://www.huffingtonpost.com/dr-be..._b_201154.html
    Thanks from Madeline

  3. #43
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by labrea View Post
    Universal single payer health insurance.



    In addition to encouraging entrepreneurship, it would make american business more competitive.
    Not enough attention is paid to the competitive disadvantage Americans suffer from, internationally, because we do not have universal health care.

    Well said.
    Thanks from labrea

  4. #44
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    For the love of everything good and holy....can someone fix the thread title -- my OCHD is off the charts!!!

  5. #45
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    Quote Originally Posted by Puzzling Evidence View Post
    For the love of everything good and holy....can someone fix the thread title -- my OCHD is off the charts!!!
    What ARE you talking about? Trump chews bark off of threes and he's a female!

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