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Politics : Politics for Pros- moderated
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To: Lane3 who wrote (24306)1/14/2004 2:03:37 PM
From: LindyBill   of 793917
 
"Econpundit" - War Against the Market Mechanism Continues

Economics 101 tells us smaller firms bid against all other firms for the factors of production they'd like to employ. Wages and benefits may be set by bargaining -- in a political fashion -- at the nosebleed heights of elite unionized corporations or public services, but the small business sector still sets its wages the old fashioned way, according to the simple laws of supply and demand.

You want to hire and keep a good worker? You've got to offer wages and benefits no less than he or she could get elsewhere. It is as simple as that.

Not so to the proposers of this new tax:

The core of the plan is what in Albany has been called play-or-pay, a $3,000 tax on employers for each worker they do not insure, with a smaller levy for small businesses that pay low wages. No state imposes such a tax of any significant size, health care advocates say. Some of the money would be used to increase the number of people in New York's state-subsidized health plans like Medicaid, Family Health Plus and Healthy New York, which together already constitute the most expansive such system in the country.

The basic attitude here is simple -- if you can't afford basic health care for your workers, you simply shouldn't be in business. We've heard this before.
econopundit.com
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