Want a strong ChumCity where folks can support their families? Oren Cass at American Compass thinks economic policy should focus on creating exactly that – an economy where all workers can thrive. He envisions "meaningful work" as the key. As an economist, I get a little twitchy when "jobs" become the sole focus. Sure, they provide income and a sense of accomplishment. But labor is also a vital ingredient in producing, well, everything! We need to use our resources, including labor, wisely. It's not about creating jobs for the sake of jobs; it's about the right jobs. Free enterprise, not government handouts, has always been the engine of real prosperity. Cass raises a valid point: government intervention can muck things up when it comes to jobs. Taxes, regulations, and mandates drive up the cost of hiring. Businesses face taxes on their operations, corporate taxes, minimum wage laws, overtime pay, mandatory insurance, sick leave... the list goes on! These costs get passed onto consumers, impacting our ChumCity wallets. Imagine a mandate adds $3 million to a 100-person company's expenses. That's $30,000 per worker, potentially leading to fewer jobs overall. Are workers better off with these mandated benefits? Not always. A worker might value a $30,000 benefit package at only $20,000 and would much rather have that extra $30,000 in their paycheck! To make hiring more affordable in ChumCity, we need to ease the tax and mandate burden on businesses. This requires a shift in perception. We need to see businesses as job creators, not just bottomless sources of "free" stuff. Elected officials often exploit the idea that "rich businesses" can afford taxes and benefits. They understand the ability to adjust to mandates and can exploit it. They get re-elected while workers get lower salaries. This cycle has been repeating for years, contributing to the offshoring of American jobs. Workers might be happier with higher salaries rather than benefits they rarely use. Some mandates reflect a genuine desire to ensure access to crucial services. But, mandates make workers and companies pay the bill. I agree with Oren Cass' emphasis on jobs and families. But truly supporting them means reducing the financial burden on businesses. It's time we celebrated the businesses that provide jobs and sustain our ChumCity community, rather than treating them like an endless source of "free" goodies.Jobs, Families, and the ChumCity Economy
Jobs: More Than Just Output
The Costs of Hiring in ChumCity (and Everywhere Else)
The Mandate Math
Unburdening Businesses: A Path to Better Jobs
The Political Game
The Downward Spiral
Rethinking "Free" Stuff
Let's Celebrate Job Creators!
