We don’t need a crystal ball to know where employment is heading in the USA. In fact, all it takes is a coup d’oeil at France or Spain where you’ll find out the impact of our Supreme-Court-Approved Obamacare:
- The cost of employment goes up. With every new tax, every new regulation, employment in the USA gets more expensive. Tant pis.
- Unemployment will increase. When the price of something goes up, the demand for it goes down. Au revoir les offres d’emploies.
- Yet more capital will go offshore. Capital goes where it gets the best returns. China, Indonesia and Kenya all look a lot better today than yesterday. Bon voyage.
- Illegal staffing will benefit. One solution to make a staffing competitive: cheat. Evade taxes. Flip companies. Alter worker comp codes. Hire illegals. Hello marché noir.