HomeFeaturesThe Big Complex Related Problem of Jobs and Healthcare.
The Big Complex Related Problem of Jobs and Healthcare.
June 5, 2019
A primary source of the growing uncertainty
and malaise among Americans is lack of gainful
employment sufficient for a decent standard of living and access to health insurance. These two
concerns are primary drivers of bankruptcy, depression, addiction, opioid abuse
Are these fundamental needs the job
of government and policy makers or the private sector? Is a government solution required? Is a single
payer system and guaranteed minimum universal income the best way forward? Many
We think not. Socialism has never
worked as advertised and has destroyed the lives of millions of people. And countries.
Most recently Venezuela.
Can the private sector come up with
better solutions? We think so.
Technology (robots and AI) can
advance the human experience, but it can also be destructive if it results in a
loss of gainful employment. If people are not reskilled and educated to new
roles in the technology economy, displacement can be devastating.
What is needed is a shift in the paradigms.
In healthcare: From sickness to
prevention and wellness. In Education: From traditional “bricks and mortar” education
to lifelong learning and reskilling.
The Role of the Corporation
in Jobs and Healthcare.
A corporation’s fundamental
contribution to society is to provide jobs and opportunities for people to
advance to generate profits, create value stimulate the economy. If people advance, society advances.
But stagnant wages and income
disparity are stress in this relationship and causing the public to question
the role of the corporation. Displacement of workers by machines will add
further stress. The failure to reskill the workforce will cause social strife. Unemployable
people become depressed and a general drain on society.
Another critical contribution of
corporations to employees is health insurance. And it is a major cost. It is
now the largest expense for corporations. In the US it consumes 18% of GDP vs.
8% in other western societies.
And now healthcare is back front and
center as policy makers debate Obamacare, pre-existing conditions, single payer
systems and Medicare for all. Healthcare consumes vast resources and is source
of friction and further the divide in the US.
Any idea brought by the other side is
typically “dead on arrival” as the desire to regain/maintain control trumps
collaborative policy making. Thus, the
solutions to these complex and interrelated challenges must come from outside
of Washington. The private sector can provide the best solutions. We hope that you take the time to engage in
this discussion to help develop those ideas.