Wednesday, September 24, 2008
CONSEQUENCES OF VOTING FOR BARACK OBAMA...
I have been trying to run the numbers. And what I get is that Barack Obama's health care plan, when phased in, is likely to:
* Boost minimum-wage and near minimum-wage employment by $100,000 or so by reducing the health costs of those employers that do offer employment-sponsored insurance.
* Shift 1 million workers who used to believe that they had to work 9-to-5 for a large bureaucratic entity in order to get health coverage for their families into jobs that they like more.
* Shift 1,500,000 workers into higher-wage high-benefit jobs in the expanding capital-intensive industrial sector.
* Boost wages by $1,500 a year for the average worker in the coverage-providing sector.
What I get is that Barack Obama's fiscal policy is likely to, by 2017:
* Boost annual incomes by between $290 and $440 billion real 2009-value dollars.
* That's some $1,800 to $2,700 per worker.
* Boost sustainable employment by between 1,750,000 to 2,500,000 jobs.
* Boost minimum-wage and near minimum-wage employment by $100,000 or so by reducing the health costs of those employers that do offer employment-sponsored insurance.
* Shift 1 million workers who used to believe that they had to work 9-to-5 for a large bureaucratic entity in order to get health coverage for their families into jobs that they like more.
* Shift 1,500,000 workers into higher-wage high-benefit jobs in the expanding capital-intensive industrial sector.
* Boost wages by $1,500 a year for the average worker in the coverage-providing sector.
What I get is that Barack Obama's fiscal policy is likely to, by 2017:
* Boost annual incomes by between $290 and $440 billion real 2009-value dollars.
* That's some $1,800 to $2,700 per worker.
* Boost sustainable employment by between 1,750,000 to 2,500,000 jobs.
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