In case you still believe that Donald Trump is not accomplishing important work behind the Twitter smokescreen, consider the issue of “welfare reform,” otherwise known as putting the freeloaders back to work.
According to government statistics, there are about 6.9 million unemployed in the US, and roughly 6.2 million available jobs. The match between jobs available and people currently out of work is not perfect, but people who want to and intend to work can usually find a starter job to work up from in the Trump economy.
Overly Generous and Over-available Welfare Shifts Incentives
Unfortunately, it is in the human nature of many persons to not want to do work unless they need to do so. And if someone will pay them not to work — as in welfare etc. — their incentives are shifted toward not working.
President Trump wants to shift the incentives back:
Right now, America combines near-record-low unemployment with near-record-high welfare dependency — the result of state-level eligibility exemptions, federal loopholes and policies that put work on the back burner. Many of these policies created incentives for able-bodied adults to sit on the sidelines — even though there is good, well-paying work to be done. The resulting safety net isn’t a safety net at all — it has entrapped able-bodied adults in dependency and threatened resources for the truly needy.
But welfare reform can change that. And the Trump administration has just given agency leaders a road map to do so.
The executive order, signed Tuesday afternoon, lays out principles to encourage economic mobility through work — a tactic that we’ve seen succeed in states across the nation. It calls for a strengthened work requirement for able-bodied adults, building off the requirement established in the 1996 bipartisan welfare reform that requires able-bodied adults on food stamps to work, train or volunteer for at least 20 hours per week. __ New York Post
The late president Obama expanded availability and generosity of welfare benefits to record levels, with predictable results. The number of people on welfare exploded. Of course, with the dismal economy that Obama provided to them, opportunities were not what they should have been. Even so, perhaps every grammar school student should be sent on a tour of sub Saharan Africa to gain an understanding of what true poverty and lack of opportunity look like.
Manufacturing Jobs Reappear
According to the U.S. Labor Department, the number of manufacturing jobs nationwide grew by just 0.1%, or 18,000, in 2016, the last year of the Obama presidency. But since the beginning of 2017, manufacturing employment growth has averaged more than 18,700 a month, according to National Association of Manufacturers economist Chad Moutray. In March, even as overall payroll job growth slowed, manufacturers added another 22,000 workers.
The surprising resilience of manufacturing employment is good news for American workers.
On average, according to the U.S. Commerce Department, annual compensation (including the cash value of health insurance, pension fund contributions, and other noncash benefits as well as wages and salaries) per American manufacturing employee is $77,268, or roughly 60 percent higher than per employee compensation across the entire nonagricultural private sector. __ Source
Start-ups and the Gig/Patchwork Economy
Besides jobs that are available already, US residents can “create their own jobs” by starting their own businesses and/or dipping their feet into the gig-patchwork economy:
The gig economy is booming. And some think gig work could become the norm in the future. A study released in September by the Freelancers Union and Upwork predicts freelancers will make up a majority of the U.S. workforce within a decade.
“The world of work is changing, the gig economy is here, it’s here to stay, it’s growing, and you best prepare to work that way,” says Diane Mulcahy who teaches a class on the gig economy at Babson College.
And the gig economy is not just about tech-based platforms, like TaskRabbit. That’s less than 1 percent of the gig economy, according to a 2016 Harvard-Princeton study. The gig economy is mostly freelancers, contractors and part-time workers. That’s because companies now offer fewer full-time jobs.
“If you look at our most highly valued and high growth companies out in Silicon Valley — Facebook, Dropbox, Twilio, Twitter — they’re not creating full-time jobs at the same rate as, let’s say, you know, the old GEs of the day where they have 300,000 full-time employees,” says Mulcahy, who has also written a book about the gig economy.
Gig work is also on the rise because people like the flexibility of it, and technology has made it easier to connect people to jobs.
The patchwork or “gig” economy consists of people who choose to go from “gig” to “gig,” in a freelance manner. It is a form of self-employment or independent contractor status. At this time, most patchworkers act as the agents, brokers, and managers of their work. But there is an entire looming industry and software sector growing up around the phenomenon.
Once a person experiences success in self-employment, he will look at the entire economy — and how politics infringes on the economy — in a different way.
Education for the Gig/Patchwork will Be A Horse of a Different Colour
The dominant viewpoint toward education in North America revolves around the old “train to get a job or specific career” mentality. But what happens when most people have several different careers? What happens when they are able to shift from one area of work to another at the drop of a dime — or a shift in economic conditions? In such a situation, it is the broadly competent and highly flexible worker who is at an advantage. How do you educate and train someone to be that kind of worker? Certainly not via the mainstream antiquated system of education that exists now.
Dangerous Children master at least 3 distinct ways to achieve financial independence by the age of 18. But they are not conventional children, and stay far from the mainstream in virtually every way — especially in the sense that they are always ready to deal with rapid changes.
Pay attention. Make provisions for a changing world.