Legislation passed by the U.S. House of Representatives, however, would require all federal student loans to be originated by the federal government, jeopardizing hundreds of private sector jobs in Wilkes-Barre and hampering related economic development in the state. Sallie Mae currently contributes more than $40 million annually to the local economy and has contributed millions to local charities.
As the national struggle to deal with a severe economic crisis and a national unemployment rate of 8.1 percent — the highest level since 1983 — it is a critical time to reinforce successful solutions, not abandon them. Ensuring the continuation of thousands of jobs for individuals singularly focused on helping millions of students enter and succeed in higher education is a “win-win” in today’s deeply stressed economy. It preserves jobs for the workers of today, while guaranteeing access to aid to millions of students whose skills will help maintain the nation’s pre-eminent place in the global economy.
Unfortunately, these bills will do little to prevent actual instances of unlawful discrimination, but they will open the flood gates to unwarranted litigation against employers at a time when businesses are struggling to retain and create jobs.
Removing the caps on damages sought by plaintiffs would likely prompt employers to protect themselves by purchasing expanded legal liability insurance. That added burden of insurance would increase the cost of doing business in the United States and may result in a reduction of employees’ wages and benefits and/or the hiring of fewer workers.
It is foolhardy for lawmakers to push for regulations that would transfer dollars from families and businesses to bureaucratic big-government. We want to make sure citizens know what global warming alarmism will cost them – higher taxes, lost jobs, and less freedom.
The nanny state continues, churning out one bad piece of legislation after another!....Yes, we should have compassion for people, compassion for our workforce. When my father had a heart attack in November, which went well into December, I had to take time off - but I worked around it ....Not all workplaces can do that. Those that can should look for ways to accommodate employees, if possible. This is a slippery slope we're on in New Jersey. The nanny state legislators want to give away everything, but forcing this kind of legislation on employers is the beginning of the end. It will drive employers right out of New Jersey, increasing the already alarming exodus of manufacturing and other jobs and residents in general.
The bottom line remains that employers will have little motivation to hire low-skilled workers—those whose inexperience and lack of productivity does not warrant a wage meeting or exceeding the proposed living wage amount. These workers, who most desperately need experience, will be the ones left most vulnerable. Instead of being able to establish a foothold in the job market, they will have to rely on other means to provide for themselves—most often state-assisted.
Now, what is the effect of this law? Indeed, I admit, some will have a mandated pay raise in America. Those will be the lucky ones. Many more will have their hours cut, Mr. Speaker. Many will have their benefits cut due to this law, and many will lose their jobs. And again, thousands, thousands will be denied that opportunity to climb on that first rung of the economic ladder in America and, instead, be condemned to a life of poverty. This should not happen in America.
The Controller estimates that this bad idea will cost taxpayers up to $1 million to implement, not including lost welfare recipient work hours, and an unknown amount for city workers not currently eligible for sick time. Add to that the hundreds of jobs and the millions of dollars in sales taxes that will be lost to surrounding cities when diners and shoppers go elsewhere to save money.
The simple fact is that if business owners cannot make a reasonable return on their investments, they will either relocate to another county or close their doors, resulting in fewer jobs and less revenue for the City coffers from business, payroll, and sales taxes to fund the social programs the Supervisors so greatly value.