Knock knock – who’s there? – American business

I am having breakfast at the Adobe Restaurant watching rain come down like high water poured out of  short top cowboy boots and I’m wondering – how does American busines keep doing it? The election is a mess, nobody knows what is going to happen and yet there were 250,000 new jobs reported last month.

American business people really just never give up.

Focus Benefits Group is an employer based consulting firm so I see mainly regulations and costs related to employee benefits and payroll. For example, the real cost of providing benefits is not the medical cost plus administration. You have to add the regulatory burden imposed by a massive new bureaucracy created by ACA. Administration costs for insurance providers have been capped at 18% to 22% but the governmental sector has no limits and they just keep grinding out the regulations.

Consider this:

The SBA reported in 2010 that  the federal regulatory burden in 2008 was $15,586 per household and the cost for healthcare  $10,586.  That was 2008! (SBA.gov 83 page report) Imagine what the cost must be now

The point is regulation may comes from real need initially but beaurocrats by their nature can’t let a solved problem rest. They just have to keep making it worse, or better in their eyes. They also seem to be unable to punish only the guilty. They like to punish everybody in the hopes  they will get a guilty one at some point.

Alright enough of a soap box speech. I was really trying to point out how resilient our economy is and how innovative our entrepreneurs are. Life changes and as the old methods and products go away new opportunities arise and thrive. The trick is to be able too ride the small waves and be ready when the big swell rolls through.

As an aside to this topic you might want to get your hands on the  latest Metlife benefits study. As the world moves to more websites and fancy Internet  interfaces, Metlife found employees want more personnel contact and better face to face advice. (Well Duuuh!) Contrary to popular belief millenials are loyal workers and they are not as promiscuous as their parents were. Aren’t employers looking for honest reliable workers with ethical values?

Back to American business. We are still the most innovative and entrepreneurial society ever in history and we need to consider education and mental capability. And that means that we need manufacturing and other reliable jobs that puts all levels of education  and ability back to work.

Not every person has the ability to program or deal with computers, or work in esoteric finance. But they can build things and show up for work and be respected and valuable. We need these people and they need work they can be proud of.

I know this wasn’t about insurance but I really love my country and I am proud of the people who make up this nation.  I have been reported dead at least twice and flat broke (living under the bridge) in my life. Each time somebody helped me get started again. Nobody gave me anything , they made me earn it but they made the opportunity available to me.

Be proud of your country and give somebody opportunity.

 

 

 

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