Earth to Bernie: Jobs are plentiful!

American Thinker ^ | 05/05/2018 | Frank Friday 

Oh, that Bernie Sanders – thanks to his dopey thinking, he is our time's ultimate reverse indicator.  His latest scheme is a guaranteed job for everyone that is wildly impractical.  This is coming at a time when it is now dawning on economists and market-watchers the United States is entering a multi-decade labor shortage – the kind that will drive up wages for low-income minorities and others who most badly need to be in the workforce on a regular basis.  That most American of all industries, fast food, is even facing an existential employment crisis thanks to this permanent worker shortage.

This new economic reality will really hit home if Trump is successful in reducing marginal skill immigration, especially the illegal kind, that competes against native-born, entry-level workers and limits their opportunities, as Harvard's George Borjas has studied for years. 

President Trump's policies of low corporate income tax rates are also going to help keep things humming along, something Ronald Reagan long advocated, especially as this tax most hurts domestic manufacturers.

This is not the first time Bernie has been spectacularly wrongheaded.  I wrote a few years ago about how unnecessary his free college plan had become.  Private organizations have already taken the lead, and the cost problem of college is being successfully addressed.  We may even see the last of crazy professors like Randa Jarrar.  Much as the energy crisis was ended by the frackers , we are getting to nearly free college, all no thanks to the feds.

Bernie, if nothing else, is an extreme example of how little our leaders in Washington are able to think, grow and take in new information.  His world has not changed at all since his 1960s days goofing off at a hippie commune.

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