In American Investment in the Twentieth Century, Marco Rubio dates the time when the American macroeconomy started prioritising investments in financial assets over investments in research and productivity as the turn of the century. There are diverse factors playing into the evolution of the American economy and there is no better time than when the world economy is undergoing an forced transformation to examine the entangled threads that brought the American economy to its recent structural configuration.
A Sudden Change in Course!
The Trend Toward Remote Workers Disrupts Corporate Welfare
Remote workers create a spanner in the works of corporate welfare.
Tax-Payer Subsidised Upper Income Jobs
How Wealth Inequality is Created
What Was Zuckerberg Thinking?
What does change mean for the former employee who is now a remote worker
In the new age of remote workers, rather than the State moving toward mandating business to business financial relationships, the State and/or private organizations should offer educational courses on negotiating skills.
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The Creeping Totalitarian ThreatSince the 1960’s states have been taking greater control over the economy, led by the federal government and grant distribution. Since the 2013 H.R. 803 SKILLS Act, some states have been moving into business to business relationships
H.R. 803 SKILLS Act
Reauthorizes appropriations workforce investment systems for job training and employment services.
Requires a plan describe:
strategies and services to more fully engage employers and meet their needs, as well as those to assist at-risk youth and out-of-school youth in acquiring education, skills, credentials, and employment experience;
how the state board will convene industry or sector partnerships that lead to collaborative planning; ( emphasis by author)
how the state will use technology to facilitate access to services in remote areas;
state actions to foster partnerships with non-profit organizations that provide employment-related services; and
the methodology for determining one-stop partner program contributions for the cost of the infrastructure of one-stop centers.
K. Strengthen connections among businesses in industry clusters, leading to cooperation beyond workforce issues that would improve competitiveness and job quality, such as joint purchasing, market research or centers for technology and innovation. [PL 2013, c. 368, Pt. FFFFF, §1 (NEW).]Given these trends, it is quite possible that central government will try to repair the damage down to corporate welfare systems by enacting laws governing the relationships between businesses. That will be more difficult with workers dispersed all over the country as small businesses, and because corporate welfare is based on workers being concentrated in one location, and on the States getting their cut through personal employee payroll taxes. While enactments like Industrial Partnerships usurped the power of local governments using wealth redistribution as its instrument, remote workers redistribute power to the local community. Municipalities can create ordinances conducive to home and small businesses to attract a dispersing workforce of remote workers (small businesses).
The argument against the Skills Act went straight to the point:
Undermine the local delivery system that has been the cornerstone of job training programs
Establish a program that is based on political boundaries (states) rather than on economic regions and local labor markets, or the naturally evolving areas in which workers find paying work
Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
Change what was once a program targeted to those most in need — economically disadvantaged adults and youth and special population groups like veterans, migrant farm workers, and low income seniors — into a block grant to governors
Contribute to the emerging division between those American’s who have the requisite skills to find employment and those who do not
Originally Published on Medium's Data Driven Investor