George Rebane
- fooled by the current economic stimulation package
- hiring managers are starting to pay people for an interview
- Even level-headed columnists are fooled by the current economic stimulation package making its rounds through Congress. In a recent Sac Bee column Ruben Navarrette writes hopefully that “A stimulus may not work exactly as expected, but it's worth a try. Americans are overtaxed as it is, and anything that gets more of their tax dollars back into their hands is a good thing.” This makes it appear as if he is ignorant of how our economy works. Those aren’t tax dollars coming back. When a country is in debt and practices chronic deficit spending, any money, not accounted for in reduced spending, it sends back to people is money it doesn’t have. This money it must print anew, thereby further debasing the currency and putting an added lien on taxes to be paid in the future. There is no free lunch – as recently claimed by Hillary - in any of this, especially for those of us who get nothing, and then have to pay the lion’s share of a political vote buying spree during election year. The wool is firmly over our eyes.
- Readers of this blog are familiar with my rants on the growing redundancy of the workforce induced by accelerating technology, and, specifically, its division into those who can generate new wealth and those who cannot. This process now takes another giant step as hiring managers are starting to pay people submitting to an interview (before they just covered your travel expenses). Those paid to do so are wealth generators already employed by other companies. Today’s WSJ reports that a new start-up, NotchUp, is helping these hiring managers “reach employed professionals who aren’t necessarily looking for a job – but might talk to a hiring manager for a price.” Meanwhile, the memberships of unions for government workers are filling with people who couldn’t get an interview with a private sector hiring manager even if they first submitted an envelope filled with unmarked bills.
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