Obama looks at the brutally low labor participation rate and claims that if only business offered more maternity and paternity leave, people would re-enter the workforce.
I've heard it said countless times over decades that democrats don't understand how the economy works. They seriously think that business exist as jobs and benefits programs FIRST. In their world, they think
1. Private businesses are OBLIGATED to provide benefits.
2. And THEN private businesses are OBLIGATED to hire workers.
That's not how the private sector works. The way it works is business operate to make money. If you want to create jobs and increase the participation rate, you try to make it easier to make money. One way is to cut regulations. THAT would kick-start the cycle. And right now we need major cuts in regulation.
Its just awful how clueless Obama is, and there isn't much of a rebuttal in the reuters article beyond "Republicans say the proposal would hurt jobs" (which is exactly what it would do.
http://www.foxbusiness.com/economy-p...y-white-house/
The United States could boost its sagging labor force participation rate and get more people back to work - if more businesses had family friendly policies such as paid maternity and paternity leave, the White House said in a report on Friday.
"Trying to balance breadwinning and caregiving responsibilities without the support of work-family policies designed to help families navigate these complexities is leaving too many families stressed, exhausted, and burdened by work-family conflict," the White House said.
The report was timed ahead of Monday's "summit on working families" in Washington, where Obama will promote policies such as raising the minimum wage and expanding access to childcare.
[Infracted]