In response to:

No Entitlements

dtalley Wrote: Dec 13, 2012 9:57 AM
Are employers being driven to cheaper employees and less of them because government has increased operating costs by regulations? Most industries would hope for a 10% profit margin, but many are squeezed to about 3%. When gov't demands more, something else has to be cut or the business closes. I recently spoke to one restaurant owner with 22 employees who has received his notice from the US gov't that deductions for his workers will be going up to 15% come January. He works 90 hours and more per week and says he needs every worker he has but he doesn't know how he will be able to make a profit- and he has one of the busiest restaurants in town. see more at: www.valuesofamerica.com

SINGAPORE -- While the U.S. unemployment rate "dropped" to 7.7 percent last month -- a figure even The Washington Post acknowledged was due "...in large part because the labor force fell by 350,000..." -- here in this modern and prosperous city-state of slightly more than 5 million people, unemployment is practically nonexistent.

A taxi driver tells me, "Everyone here works." With unemployment at an astonishingly low 1.9 percent, he is nearly right.

In part, this is due to a work ethic that seems to be in the genes here. But there is something else at work that should astound...