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Another San Jose Job Killer

There is indeed a “crisis of underemployment.” But Mr. Field does not understand the source of the crisis. Failing to diagnose it correctly, he offers a solution that will, in reality, make the problem worse. The negative effects of Mr. Field’s proposal include slower business growth, companies moving to neighboring towns, and, possibly, much higher costs. One benefit is likely to be a proliferation of new businesses (which, presumably, can hire all the part-time workers they want). Continue Reading →

The Health Care Bill: Disaster for the Economy

Despite the fiscal stimulus (much of which still remains unspent ), the U.S. economy will continue in recession through 2013. At best we can expect sluggish growth. The tax increases in the health care bill combined with the expiration of many of the Bush tax cuts in 2011 are two factors. Continue Reading →