Q: Who operates retail
businesses, that pay minimum wage, during the school year?
A: Adults, often with families to
support. The adults can't just go home after school or for summer
Q: What does business do?
A: Invest in an enterprise to
create a product or service... Customers buy what you’re selling
and you get back more than you put in, or you fail.
Q: What’s your return on
investment if very few people are confident enough to spend money?
A: Not much... Your business may
sell what people want to buy, but when they aren't confident (don't
spend money) your business still fails.
Q: What’s the return on
investment from education?
A: Knowledgeable folks to staff
your business. ROI is about 20 years for a college grad (pre-K to
Bachelor's degree) and 15 years for a high school grad... There’s
absolutely no monetary value on an educated workforce; No bankable
return on investment.
Education is a long, complex and
expensive investment with no direct, cash value; no for profit
business can tolerate this cash free ROI.
Q:What’s the ROI on common
carrier infrastructure: roads, bridges, water mains, sewers, waste
water treatment, airports, seaports, electric power grid,
telecommunications grid, etc…
A: People, materials and product
can be moved about; life's boring because everything works. There’s
no cash value on this return either.
Q: Research and Development
(R&D): Capable of being large, complex and expensive... Starts
with, “what if,” and goes to some result that may not have
recognized value (money or otherwise) for a long time. What is the
A: Nobody knows... Requires a
belief in crystal balls and fortune tellers to get predictions.
Q: What does regulation do?
A: It defines the, “playing
field,” and rules of the game. Officials (government) must
determine who’s playing by the rules and be able to penalize the
rule-breakers. Following the rules might mean no more than
predictable, day to day functionality... An environment where one
succeeds or fails, on a level playing field, based solely on merit.
It takes a great deal of
planning, research, development, time, money and effort to create an
environment where an economy can function, let alone thrive. If the
background prep is done well: rules are followed/updated/enforced and
there are customers with money to spend... Then, and only then, will
capitalism work. An economy thrives only if all participants do their
part and pay their share of the costs involved.