McGovernment

Government is killing free enterprise by wrapping its tentacles around anything it can hold on to, then taxing and regulating it. Bob Funk writing in the WSJ:

For decades, most businesses operated, innovated and expanded despite what was happening in the nation’s capital, or perhaps even oblivious to it. But now the goose that laid the golden egg is on the run. Free enterprise, which made the economy grow and produced rising wages for middle-income Americans, is under assault.

Too many policy makers evaluate new interventions—labor rules, wage laws, environmental regulations—only by what they hope to accomplish. They do not consider the consequences, the unintended effects, and the trouble that their policies will cause for employers and workers, especially when the burdens are placed one on top of another.

For example, the National Labor Relations Board in August issued a sweeping ruling that could fundamentally change millions of workers’ relationship with their employers—and not for the better. The NLRB is taking the position that under the new rule, a franchiser (say, McDonald’s) will be considered the “joint employer” of workers hired by its independent franchisees.

But the issue goes far beyond fast food. My company, Express Employment Professionals, is a franchised staffing company that could be affected as well. Our local offices are owned and run by franchisees, who hire and supervise their own staffs. Now those local workers will be my employees, too. Who is ultimately responsible for their well-being? Good question.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.