MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

For more than three decades all U.S. economic policy was elevating Wall Street and diminishing Main Street. As a result the middle America blue-collar workers have not had wage gains keeping up with inflation for over 30 years… Then came the era of Trump.

MAGAnomic policy is based around a very simple free-market process.  Increase domestic economic investment; expand new business and expansion in existing business; that expands the need for employment; drive those jobs, jobs, jobs and watch wages rise naturally as employers compete over an increasingly valuable labor pool.

Business Insider – The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump’s tax reforms.

[…] US retailers are scrambling to keep workers as they look for opportunities with higher pay and attractive benefits. The US unemployment rate fell to a 48-year low of 3.7% in September. According to the Bureau of Labour statistics, there were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago.

The surge in the number of retail jobs has allowed workers the opportunity to move around within the industry. As a result, companies are raising wages to try and retain workers. Earlier this month, Amazon hiked its minimum wage to $15 per hour, effective November 1. That followed wage hikes from places like Target and Costco.

On Thursday, the company said sales jumped 10.9% year-over-year to $33.4 billion, just missing the Wall Street estimate of $33.77 billion. It earned $1.48 a share, or $1.4 billion, beating analysts’ estimates of $1.45.  (read more)

More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy ahead of Wall Street policy (the past 30+ years).

We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPIs that would become visible in the space between the policy shifts.

Part of those discussions focused on energy costs, product costs (we explained how inflation would be weird), and importantly, wage rates. It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow. We anticipated seeing that impact in Q2 of 2018, which is April-June 2018.  Well:

The Bureau of Labor Statistics has just released their second quarter analysis of wage and benefit rates for American workers. –SEE HERE–  This is only the beginning of what is to come:

(pdf link)

Overall wage rate growth in Q2 now at 2.8% year-over-year.  That is great news. However, the better news is the red emphasis, White and Blue Collar middle-class wage rate growth is well over 3%.  The wage growth is broad-based amid almost all sectors.  [Trucking and transportation at 3.4% (Table 8)]

As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve.

More money into the U.S Treasury and less dependence on welfare/social service programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar – the saved sum is doubled. That is how the SSI and safety net programs are saved under President Trump.

When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

As the GDP of the U.S. expands, so does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.

The economic models of the entire last generation+ are based on the assumptions of continuing globalist economics which advances, and has advanced, the interest of Wall Street over Main Street.  They were driving a “service-driven economy” message.

The investing class economy, ie. another name for a ‘service-driven economy’, has been the only source of historic reference for approximately three decades. These talking heads convinced themselves that a “service driven economy” was the ONLY economy ever possible for the U.S. in the future.

Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications.  They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.

It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.

Monetary policy, Fed control over the economy, is disconnected and will stay that way for approximately another 12-14 months, until Main Street regains full operational strength –and– economic parity is achieved.

As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living.  How high can wages rise?… that depends on the pressure; and right now the pressure is massive.  I’m not going to dismiss the possibility we could see double digit increases in year-over-year wage growth in multiple economic sectors in several regions of the U.S.

Remember, as wages and benefits increase – millions of people are coming back into the labor market to take advantage of the income opportunities.  The statistics on the invisible workforce varies, but there are millions of people taking on new jobs in this economy and the participation rate is growing.

Winnamins.  We’ll need lots of them…

Forget minimum wage laws, they are inconsequential conversations when measured against the reality of how quickly wages rise in a free, fair, unregulated and growing economy.

Seriously, with full measure of optimism and appreciation – and tears of thankfulness that we are alive to experience it – these are exceptional times.

“To winfinity and beyond” !!

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This entry was posted in Big Government, Donald Trump, Economy, Election 2018, media bias, President Trump, Taxes, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

129 Responses to MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019….

  1. Grandma Covfefe says:

    More winning–I’m not tired of it.
    Where’s that MAGA roller coaster?

    Liked by 14 people

    • feralcatsblog says:

      Look for a rail with Nancy’s and Chuck’s feet sticking out.

      Liked by 6 people

    • Minnie says:

      We will never be tired if WINNING Grandma Covfefe.

      In case anyone begins to feel the slump, I gladly share my stockpile of WINNAMINS!

      Cheers!! 🇺🇸

      Liked by 7 people

      • Carrie2 says:

        Minnie, so many crying about how bad the Dow is. Really? We remember when it was at &700 and thought it that was great but would never go higher. Well it has and anyone complaining at $25K or even $20K needs to rethink from $700 to over $20K. Getting back to local banks and ignoring the overlarge banks who prefer working with large corporations or conglomerates does not benefit the “little man or woman”. Many small businesses now training new employees which is something Trump also wanted. Our President has thought ahead so much over the last 30 yrs. and that is why we are seeing a beautiful sun rising up every day. Getting back to us and ours is where it all need to be and not in the fists of the uber rich or outsiders.

        Liked by 4 people

    • fleporeblog says:

      These pundits have absolutely no clue how to spin it anymore! I listen to Bloomberg Radio whenever I am in the car. It is funny how these so called experts don’t know What is going on. Everything they predict turns out to be the total opposite.

      From the article linked above:

      He complimented the administration’s “negotiating tactic” on China and predicted a trade deal. He said the relationship between big business and the White House is “active and good.” And the same week Trump said the Fed had “gone crazy,” Dimon said he had “never seen a president who wanted interest rates to go up.”

      From the article linked above:

      The Survey of Consumers came in at 99.0 in October, though the closely-watched gauge of consumer sentiment remains at “quite favorable levels” and above the average reading for 2018. That’s down slightly from 100.1 in September and the consensus forecast was looking for 99.5.

      However, the Survey of Consumers has pegged consumer sentiment at record highs during the economic resurgence under the Trump Administration. Sometimes when you’re on top, there’s only one place to go.

      From the article linked above:

      With the release of last week’s jobs report reflecting a near 50-year low for unemployment, consumer confidence has started to rise once again.

      The Rasmussen Reports Economic Index for October rose to 144.2, up five points from September and the second highest finding in four years of surveying.

      Liked by 10 people

    • Curry Worsham says:

      Where’s the champagne bubbles?

      Liked by 12 people

  2. ann says:

    I never thought this was possible. So blessed, and this is only two years in. 🇺🇸🦅.

    Liked by 14 people

    • fleporeblog says:

      It truly is only going to get better!

      PDJT and his Killers aren’t looking to do a trade deal with China 🇨🇳. That is the last thing on their minds. The latest incident with China’s 🇨🇳 spy chip will get Americans to back PDJT to stop all imports of technology into our country. Including the damn IPhone.

      Those companies better start building factories throughout our country! Or they can kiss our market goodbye.

      Liked by 17 people

      • progpoker says:

        Funny how the story about the spy chip came and went. That the Chinese have a backdoor into computers that they sell us should scare people enough to demand a stop to trade with China without needing our POTUS to do it. What a friggen’ joke our past Presidents really were. Guess the lesser evil really wasn’t. 🤬

        Liked by 10 people

        • George Humphries says:

          All the past Presidents in my lifetime had NO IDEA how to run a business. They couldn’t understand common everyday workers or the geniuses of invention, Because their success came from the heritage, not from their efforts.

          Liked by 3 people

        • Literally thousands of American computer techs should have caught those extra spy chips, from the moment they received the systems they were in. Something is obviously bass ackwards in the quality control individuals and IT departments in America.

          Liked by 1 person

      • Imagine the analysis tsunami underway to identify which generations of consumer electronics have already been compromised.

        If they have, the costs could be YUGE.

        Liked by 1 person

        • Fake Nametag says:

          Imagine owning shares in a US semiconductor company after the government and many businesses realize that most of their machines need to be junked and replaced with non-compromised machines.

          Liked by 1 person

        • mr.piddles says:

          On the plus side, tech products of all shapes and sizes are designed (and sometimes implemented) to be disposable. I bought a Sony DVD/VCR several years ago… I don’t know it was maybe early/mid 2000’s. The device literally lasted about 4 years, maybe even less, can’t remember. It just stopped reading disks. So I go online to see if others were having the same problem. Yup. Known issue. The thing just dies after few years. Sorry. Can I interest you in this new model? Now this is Sony… SONY(!!!!)… I always had Sony products, and considered them on the “better” side of consumer electronics. Major Japanese Manufacturer Of All Sorts Of Things, etc. I was absolutely stunned. It was no longer a conspiracy theory in my mind that “they don’t build things like they used to”. Even the higher end consumer products are built for disposal. On the plus side, I have a few Samsung flatscreens that I’ve had for a number of years, and they’re high quality and no problems… but, in general, there’s a reason why the equivalent of that $1500 T.V. from several years ago can now be had for $500 or so. (For example: “Samsung – 55″ Class – LED – MU6290 Series – 2160p – Smart – 4K Ultra HD TV with HDR” at Best Buy goes for $500).

          So… my guess is anything built in the last 15-20 years should go in the recycle bin. In which case you should be coming up on your third refresh anyway. :^p

          Liked by 1 person

      • Snow White says:

        I absolutely despise China Flep. Thieves, liars, dishonest, you name it. I hope PT holds their feet to the fire with this spy chip scandal. Bastards. No trade deal until they clean up their act and even then caution should be exercised.

        Liked by 5 people

        • fleporeblog says:

          He will Snow White! China 🇨🇳 is in a world of hurt and there is absolutely nothing they can do to stop it!

          Liked by 3 people

        • Carrie2 says:

          Snow White, I found the Chinese as VERY honest and not thieves, liars or dishonest. When I worked in patents in a large legal firm, Japan was also copying (i.e., the Acer Computer) because the previous administrations didn’t care. Let’s face it if you can get good drawings or whatever, why not copy. Not good but then again do you think we are as pure as the driven snow here? NOT! The other factor about which Xi has to think about is the fact that the Chinese have much more freedom now, better income and they love and buy the best and I don’t mean Walmart or Target. Actually it was fun to get a taxi driven by a Chinese woman who has a TV in the back for passengers, AND they go quite a distance before turning on the gadget for travel miles and reasonable prices unlike here. We are in CA where the mall in our city on the whole has the highest income as the Chinese come over and by busloads to the mall to spend a lot of money because altho available in China the items are much cheaper here. Also, citizens in some cities, ie Beijing or Shang Hai love to speak English because our language is a necessary for their businesses which means my portion of Chinese language is going down the toilet. Beautiful mountains, rivers and very lovely parks and all is clean and taken care of. They have even provided some gym exercising equipment ever so many blocks for the people to use, altho their favorite exercise is to dance to our music of the 40’s and 50’s. We have Chinese friends there and hopefully in Spring we can return. During the Obama years we felt more freedom there than here. With Trump the world is now turned upside down and truly helping many people on this planet. God’s gift that keeps on giving.

          Like

          • Dennis Leonard says:

            I do not mean to pop your bubble,the water is polluted,air also,it is not the utopia you describe.
            ” Also, citizens in some cities, ie Beijing or Shang Hai love to speak English because our language is a necessary for their businesses which means my portion of Chinese language is going down the toilet. Beautiful mountains, rivers and very lovely parks and all is clean and taken care of. They have even provided some gym exercising equipment ever so many blocks for the people to use, altho their favorite exercise is to dance to our music of the 40’s and 50’s. “

            Like

            • snellvillebob says:

              One of the biggest complaints from business people buying items directly from Chinese manufacturers is when they ask for a change in the product, the Chinese managers all agree to it, but nothing happens. They keep getting the same products. The only way to have a design changed is to cancel the order and renegotiate it from scratch.

              Liked by 1 person

        • MB224 says:

          They’ll never clean up their act. It’s their CULTURE. We will simply have to punish and ban them from 80% of our trade. Then they can figure out what to do with all that African gold they’ve been stealing.

          Like

      • Carrie2 says:

        fle, but the Chinese and other Asians are Apple’s biggest buyers. They will stand in block long lines for each new update. Been there and saw that every time I visited there and when studying there. They love and prefer the iPhone, so it behooves Apple to do a lot of production there. However, Apple is coming up here as well and I wonder if there will be extra long lines awaiting the newest Apple item. Actually, I don’t live far from the Apple Circle and it looks neat and I am looking forward to visiting it when it is allowed. Surround by lots of trees and greenery and not a blot on the land or area and not far from a large Kaiser Hospital and clinic, and is just a few blocks from my favorite Asian market either.

        Liked by 1 person

        • swampratterrier says:

          Foxx Conn the company Apple contracts the manufacturing out to is coming.

          Like

        • fleporeblog says:

          They can remain there to sell to the Chinese but they better have production up and running here to sell to us.

          Like

        • mr.piddles says:

          “the Chinese and other Asians are Apple’s biggest buyers. They will stand in block long lines for each new update”

          This is the Globalist Fallacy. If there’s a long line then it must be good. This is how you end up with Nike slave labor and spy chips in laptops and T.V.’s. I’m happy my 401(k) is gangbusters, but I prefer laptops and T.V.’s without spy chips. If the China problem is simply on the manufacture and assembly side (i.e., we are not totally dependent on Chinese designs and silicon as we are with, say, Intel chips) then that’s an easy problem to solve. Any peripheral component… say a USB controller… is easy to replace. So your USB controller will cost $.25 per unit instead of $.17 per unit. Suck it up, Wall Street.

          Like

      • ann says:

        Flop, yes.,
        it’s like Christmas for those of us who’ve been waiting since Chinagate. ✝️🇺🇸🦅

        Liked by 1 person

  3. Deplorable_Infidel says:

    “The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump’s tax reforms.”

    I have a pretty good relationship with my local Walgreen manager (pro-MAGA) and one of the pharmacists. I will print this post out for them, but will not be able to get their feedback immediately, since I do not have their personal emails or telephone numbers.

    Liked by 5 people

    • Carrie2 says:

      Deplorable, and we love the Walmarts there (slightly different name there) and the products they offer and fun to shop in them.

      Like

    • Dennis Leonard says:

      I work for Walgreens ,part time,my manager has already said it will only be a dollar an hour for anyone below 10 dollars an hour.Everyone else above 10 no raise.For your info.Boots bought out Walgreens,they do not advertise that.most of corporate is Boots,which is British.I will take the dollar.The character Scrooge,is the Walgreen. mindset.

      Like

  4. feralcatsblog says:

    Crumbs! Crumbs, I tell you! Vote democrat and we will relieve you of those troublesome crumbs.
    – Nancy and Chuck

    Liked by 10 people

    • Carrie2 says:

      feralcatsblog, Nancy and Chuck are desperate now and their future party is getting very dimmer and dimmer and they just keep throwing more wood on the fire to ruin the election in Nov. I thank them for being so generous with their ignorance/nastiness/lies/cheating/casting horrid remarks about good people, etc. Sad they don’t get it that being all this means fewer voters for them and lot of ex-democrats voting republican. Smart they ain’t.

      Liked by 2 people

      • swampratterrier says:

        Yes!!

        You couldn’t create opponents more beneficial to us if you tried.

        The Dems keep doing the worse things right at the worse times!!!

        Like

      • mr.piddles says:

        “Nancy and Chuck are desperate now and their future party is getting very dimmer and dimmer and they just keep throwing more wood on the fire to ruin the election in Nov”

        Because they can’t comprehend what is going on around them. Imagine: Trump is elected, exponential #MAGA winning, and their dear old Democrat Party has been coopted by a bunch of ideological lunatics and political sellouts. It must have been like shutting your fingers in the car door: you totally didn’t see it coming, it hurt like hell, and you have NO IDEA how it could have possibly happened.

        Like

  5. SHV says:

    ” that depends on the pressure; and right now the pressure is massive. I’m not going to dismiss the possibility we could see double digit increases in year-over-year wage growth in multiple economic sectors in several regions of the U.S.”
    ****
    If that happens, wouldn’t the Fed. respond with economy crushing interest rate increases? I don’t remember what the triggers were during the Carter years but I do remember the 18.5% mortgage interest rate on my first home purchase.

    Liked by 3 people

  6. talker2u says:

    White Collar? Blue Collar? Red Wave!

    Liked by 2 people

  7. Neural says:

    This sort of thing has brought to light one of the most disgusting aspects of the democrats. Without fail, they will step up and claim, regardless of facts, that this is the result of the policies of the lying two faced back stabbing Kenyan ***sy that was defiling the white house between 2008 and 2016
    It’s stomach churning, and it’s repeated over and over on all levels. The minute things go well for a conservative/republican, there is some spinless work democrat standing up and taking credit for it.

    Liked by 3 people

  8. Mr_Henry says:

    I live in Green Bay. Wisconsin doesn’t have a minimum wage above the federal rate.

    I took a picture of an ad at a local gas station chain that is starting people at $12.10 with benefits and a $2 increase for the overnight shift. I’ve never seen an economy like this.

    Liked by 14 people

    • Vince says:

      1. My local McDonalds spent a lot of money about nine months ago refurbishing their restaurant, including adding kiosks so people can order on touchscreens and not have cashiers. They have a sign right now announcing they have jobs available at up to $20/hr.

      2. A week ago I was in New Mexico in a small city that I visit occasionally. New Mexico is a rather poor state, and the city is always just kind of getting by. This time almost every business that had a sign that you can changes messages with letters was announcing jobs. I have never seen that many jobs available there.

      Liked by 4 people

  9. More winning!! Awesome and long overdue!!
    God Bless America and President Donald Trump!!

    Liked by 2 people

  10. uvaldegirl says:

    Good that Walgreens is doing the right / MAGA thing. CVS?

    Liked by 2 people

    • The Boss says:

      CVS is doing another right thing by positioning itself to take unneeded, costly middleman and administrative costs the hell out of our health care system. Its acquisitions of Aetna, Caremark and other, smaller companies in the health care space will pay monster dividends to its investors AND consumers in coming years. What CVS and others are doing is an existential threat to the notion of socialized medicine. (I am long CVS. Very long).

      Liked by 1 person

  11. WSB says:

    SD, many thanks for your newest primer tonight! Heartfelt, as some of us are seeing quite an uptick in small projects, RFP’s and returned phone calls…so good things are here and on the horizon.

    Liked by 1 person

  12. Curry Worsham says:

    How come when Amazon had a wage increase, they called it “raising their minimum wage”?
    Only the government sets a “minimum wage”; a private company has a “starting pay”.

    Liked by 4 people

    • prenanny says:

      They can call it raising farts if they want WHO CARES?
      Don’t get caught up in minutia like that feel joy for everyone who will be cashing larger checks.

      Like

      • swampratterrier says:

        Have you seen those articles stating Amazon pays so little that many of their employees have to live in camping tents?

        I could believe it since the company seems to desperate for more and more Positive Cash Flow.

        So that announcement may be only a FAKE. PR stunt?????

        Like

        • Carrie2 says:

          I have heard/read that the employees want a union so they can get better wages. Hey, the rich never like to share those riches (there are a few that do of course) but keep the money for themselves.

          Like

        • prenanny says:

          Unions have been trying to break into Amazon for years, they try to spread shite about them all the time, sounds like you came across one of those stories that leaves out facts.
          Amazon pays very well BUT it is very hard work not a job for slackers of any kind.

          Also, the whining by Whole Foods employees is laughable since the purchase if they are that miserable go get another job.

          As far as cash flow no idea.

          Like

  13. feralcatsblog says:

    “By nearly every possible metric the Trump administration is succeeding across the board—success which in turn is benefiting tens of millions of Americans all across the nation regardless of race, gender, religion, or political affiliation.

    Meanwhile, Democrats now seem to only offer character assassination, threats of violence, actual violence, and promises of further chaos.

    Jobs not Mobs—coming to an election result near you…”

    http://dcwhispers.com/jobs-not-mobs-goes-viral-as-pro-trump-voters-prepare-to-win-2018-midterms/#APORWlkbR2b1jkfh.99

    Liked by 6 people

  14. Those Retail job openings are going to KEEP MULTIPLYING.

    Retail margins are thin, so they can’t afford to pay the escalating wages that other industries can.

    Anticipate significant pressure on Retail for employment turnover,
    • leading to understaffing,
    • leading to service challenges,
    • leading to compensating investments in productivity technology,
    • leading to profitability underperformance and
    • stock price volatility when earnings underperform expectations.

    Like

    • Ray Runge says:

      Fact is, retail is historically a stepping stone. Customer service and education in university or technical avenues reveal employment opportunities beyond a first step job experience.

      Liked by 1 person

      • prenanny says:

        That is a great theory.
        Meanwhile back in reality, due to jobs being shipped over seas RETAIL has been the ONLY option for all too many Americans.
        Retail has sustained Elder Americans and put food on the table for Families.

        Liked by 2 people

  15. alliwantissometruth says:

    The Trump magic cannot be denied when reality butts heads with fantasy ideology

    Sure, the utopian fantasy the left espouses sounds great in theory, but normal people realize the world doesn’t work that way, Certain truisms & realities always get in the way

    So, even those who embrace the nonsense, cannot argue with success. Having money in your wallet & upward mobility “trumps” ideological fantasy every time

    And that’s where the Trump magic comes into play. People are waking up & embracing their own opportunities & their new found confidence in their futures. They’re seeing something new. They’re seeing the actual American Dream being offered to them

    Only the hardcore leftist imbeciles out for a revolutionary thrill dismiss the reality of success

    The success of the Trump agenda is not only real, it’s too “in your face” to deny

    People, well sane people that is, will always discard youthful nonsense for personal interest, & that will be the story of the Trump Administration

    He doesn’t just talk, he produces

    Liked by 1 person

    • swampratterrier says:

      Another Big Plus with Winning is that many Government agency employees will dump those jobs for better paying ones in the freed economy.

      Any thoughts on how that might be used to Shrink unneeded Bureaucracy?????

      Liked by 2 people

    • Comrade Mope says:

      After losing the 2016 election the democrats never did a post-mortem. They are stuck holding their clipboard and bullhorn screaming “Resist”. Hillary’s campaign had no vision. “I’m with her” is not a vision. The democrats went straight from losing to obstruct using the Russian Hoax as a narrative. Now that The Hoax™ is falling apart (ever so slowly) they are back to not having a vision.
      The democrats have had the better part of a year to come up with a proposal on what to do about ‘the dreamers’. I have heard nothing. Nothing short of a sound trouncing in the upcoming midterms will get their attention.
      When the democrats are smited with the jawbone of their ass and they lose control over the census- and its prize- the gerrymandering of districts, the democrats will become a bi-coastal party, with a few cities thrown in.

      Liked by 1 person

  16. CopperTop says:

    “Winfinity and Beyond”

    That ^ ^ right there.

    Like

  17. Darklich123 says:

    END THE FED. LET CONGRESS LEND ITS OWN MONEY.

    Liked by 4 people

  18. NJF says:

    Such great news!

    Like

  19. CountryDoc says:

    Walgreen’s — A large pharmacy corporation. Don’t be fooled. Think globalism. Think healthcare as 18% of our Gross Domestic Product. More and more health care providers are being consolidated and purchased by the same insurance companies who pay for the delivery of services by providers.

    In many towns primary care providers (Family Physicians, General Internists, Pediatricians) are leaving primary care. They cannot make money because the overhead required for staff to collect insurance, ensure meeting quality standards, obtain precertifications for drugs, durable medical equipment, tests, procedures, admissions, and specialty consults. The solution to the opioid crisis is more paperwork and phone calls, more secure IT electronic prescribing that requires more time and no reimbursement. Costs for software and IT support for government mandated and regulated electronic medical records have tripled and are driving many out of business.

    Walgreens can afford to give raises — they are connected to deep pocked insurance premiums of their insurance partners. Private health care companies and offices will go out of business. Corporate owned offices are also cutting their primary care providers because they do not produce enough income to offset overhead. These providers are directed too much by the economic forces of their administrators — who often don’t know primary care well.

    18% of the GDP is a sizeable chunk of government or employee benefit revenue to siphon off the american taxpayer. If we regulate it like a carbon tax, it is another way to get easy money off the american worker with a relatively low lobbying investment into the legislators who pass laws “for the healthcare of the sick children and elderly”

    Ask your primary care physician how much they are making, and compare that to the ROI of 11-15 years of College, Graduate, and post-graduate education. Healthcare is imploding. physician workforce is leaving where it is needed. The quality of new physician education is declining. The ability of the seasoned physician to stay educated is decreasing. The amount of time they are able use their time and talents actually delivering healthcare is rapidly declining.

    In my town of 35,000, 40 primary care physicians have left primary care since 2010. In our region of 14 counties, only 3 new primary care practices have started. There is much walk-in medicine. There are NPs and PAs, but very few people left providing total primary care. Geriatric care is fragmented between specialists, ER, walk-in, hospitalists, home health agencies, nursing facilities, and no one is quarterbacking the care while they are worked over by medicare billing machines.

    The suicide rate among physicians is twice that of war vets. The cause? Burnout. No one to hear or understand. Seeing patients with needs, knowing what they need, being trained and expected to deliver what they need, but thwarted by a dysfunctional system.

    I pray daily for the obstructionists to get out of our VSGPDJT’s way so that he can see and tackle the implosion of our healthcare system before it is too late.

    ( I apologize for the long post, and, that it is perhaps not in the right place. I ask Sundance to begin paying attention to this essential portion of our country’s welfare)

    Liked by 5 people

    • Snow White says:

      You are absolutely right. We’re going to have a shortage of doctors pretty soon if these stupid paperwork requirements are not eliminated. Why don’t you write to PT your concerns and observations? I’m sure it will be helpful.

      Like

    • swampratterrier says:

      BRAVO!!!!!!!!!!

      AETNA just got gobbled up by Blue Cross I think it was.

      Less and Less economic competition in healthcare is BAD NEWS for us all.

      Like

  20. daughnworks247 says:

    Walgreen’s has been brilliant. They locate new stores close to large Wal-Mart mega stores. My husband will do his best to change a shopping list so he can whip into Walgreen’s instead of going to Wal-Mart. Me? I haven’t been in a Walgreens in 5 years. The sales are coming from the men.

    Liked by 1 person

    • prenanny says:

      Are they intimidated by the size of WMT stores?

      Like

      • swampratterrier says:

        Probably the time involved.

        Got to hike two miles across the parking lot having to dodge all those wild illegal aliens etc.

        Snark but you get the picture

        Liked by 3 people

        • prenanny says:

          You won’t catch me there unless it is 3-5 am, that seems to be the sweet spot for fewest shoppers or at the very least the ones that are there have a list and tick it off.
          It never occurred to me before that I must shop like a guy, I don’t dawdle get in and get out as soon as possible.

          Liked by 2 people

    • Dennis Leonard says:

      You had better tell your husband to pick which one wisely,as their prices are set by tier,the neighborhood they are located in.

      Liked by 2 people

  21. TreeClimber says:

    My husband quit an abusive job this past Monday. This time last year he’d been unemployed since June and wouldn’t be hired until December… at the time the economic posts were bittersweet for me.
    This past week he’s had at least half a dozen interviews, with four more coming up this week. On Monday he’s starting a two-week gig. IT jobs are being slower than retail and manufacturing… but they’re starting now, too. Praise God, and any prayers that he would finally be hired permanently (no more contract work) would be appreciated!

    Liked by 8 people

    • May it be so.
      In Jesus’ Name, Amen.

      Liked by 2 people

    • prenanny says:

      I recall your frustration in the past, wonderful to see the situation improving.
      My 2cents is go where the money is and save every dime you can.
      Don’t focus as much on a perm position right now, job offers are only going to improve.
      Stay positive on interviews, nobody wants to hear about abuse of previous employer.

      Liked by 1 person

    • jeans2nd says:

      Wicked Son is IT upper management and is interviewing from San Diego to Greensboro, NC. The pay offerings to him are well over 150K.
      WS hires and fires his own people at his current job, and he is having trouble finding and keeping qualified IT guys. They are leaving for better jobs, more money.

      Point is, IT’s time has arrived. Hubby should keep looking, especially while employed.
      The best time to find a job is when you have a job, and Flyover Country is hiring American IT guys now.
      God Bless.

      Liked by 1 person

      • TreeClimber says:

        We’re in Charleston, SC. Relocation is really not an option for us right now.

        Liked by 1 person

        • jeans2nd says:

          Am not familiar with the Charleston area (other than Parris Island lol) but WS also interviewed in Georgia, and Charlotte is always hiring. Seems like you are in the correct area. Whatever you do, do not give up. Prayers will help, and ours are added for additional help.

          Like

  22. TwoLaine says:

    The other piece to this was stopping the importation of foreigners as “refugees/asylees” as the new slave labor to many companies. Once that spigot was turned off companies HAD to start rethinking their business models. Tesla, Amazon, Chobani, Big AG & Big Meat.

    This is why the media HATES Stephen Miller. We took in the least amount of “refugees” last year, 22,491, since The Refugee Act of 1980 was put in place. This year the plan is to take in even less. The MAX CAP is set at 30k.

    https://refugeeresettlementwatch.wordpress.com

    Liked by 2 people

  23. CountryDoc says:

    A large market for IT jobs was in health care. Government mandated computerized records for everyone in health care, and agreed to “pay for it” by “reimbursing the providers (hospitals, physicians, and other providers. BUT, it was government. They would be reimbursed over 7 years IF they met (government written) “Meaningful Use” critera — which were not very meaningful, and diverted the IT/health industry from making software that made sense, to software that met government standards. Over the 10 years, the program is over. First the HIE (Health information exchanges) that were funded with billions of dollars and supposed to be self-sustainable — they went belly up, so there is no common community databases that would keep us from asking the same questions over and over and pass information from provider to provider. Then the “Meaningful use” money dried up, and providers are left holding software that is not very useful, and no ability to afford retooling of software that really works, and high costs to maintain it. Software vendors/companies do NOT want the databases to be interoperable, because then providers would switch software (which is always a nightmare). Private small companies are going out of business because they cannot meet the IT standard. Large chains with money (like the insurance companies now, and walmart) plan to hire less expensive mid level providers to siphon off all the acute care, leaving the more complicated geriatric, chronic care, and complicated mentally ill to a dwindling set of more skilled providers. Care in the hospital has been relegated to hospitalists (many from other countries) working according to the hospital rules and not according to their training; and separated from their primary care docs, who can no longer afford to keep relearning another culture of rules and regulations, because the time and cost of outpatient care alone is not sustainable.

    Like

  24. I see comments extolling the economic rise, and I would add just two caveats (which will show you how selfish I am, perhaps, but nevertheless):

    I am 70 years old, and part of the Boomer (extra large) generation. I live on $700 a month Social Security (I am a physical scientist who has made the greatest discovery(ies) in history, but academia doesn’t want to hear it and the masses don’t want to buy it). My part of the Trump miracle, so far, has been a $14 rise in my monthly payment this year (admittedly, the largest it has ever been, but not by much, over the 8 years I have been drawing it).

    Second, I am continually drawn back to the realization that the positive changes now are for the generations after we Boomers. During the Bush Jr. and Obama years, I often thought that the economic powers that be were just trying to outlast the Boomers, and at the least would be glad when we were in their rearview mirrors — if not actively fixing things to knock us off faster.

    Raising the wage rates now is in line with that thinking. We ARE in their rearview, and they can lavish their kind attention on the younger, and much smaller, generations after us.

    Like

    • prenanny says:

      You sound like a nice smart man did you not plan for your retirement at all?
      There are plenty of places that would be happy to hire a 70 year old who is willing to work, you could easily double your income by working 3 days a week.
      Grocery stores do not pay great but most of them offer employees discounts on food which would lower your expenses.
      You don’t sound selfish to me, rather a tad discouraged, just describing your situation.
      Was there a reason you retired at 62 thereby getting a reduced payment ( 75% ) had you waited?
      70 is not the new 60 but you are far from forgotten, cheer up mate.

      Liked by 1 person

    • jeans2nd says:

      harry – have you considered teaching? Any tech school would take you – heck, they took me for nearly 15 years, they would jump at having you. There are also adult continuing education programs at many public schools.

      With a mind like yours, you will see an opening. First things first, though. Stop feeling sorry for yourself. Go rescue those children of the people that dumped the boomers in the rear view mirror.
      Revenge is a dish best served cold. Engage your Cold Anger, and go teach those kids more than their parents will ever know.
      God Bless.

      Like

      • OSP says:

        Harry, I too wonder why you would retire at 62. Not throwing shade, just honestly curious.

        I am 64 and average working 55-60 hrs/week, at a fairly demanding job. I love the extra income the overtime provides, and I’m making max contributions to my 401k and my HSA.

        God willing, and as long as I enjoy it, I plan on working at least two more years (full retirement age) – maybe longer – and continue pumping the max into the 401k and HSA.

        Like

  25. Pingback: MAGAnomics – Walgreens Announces $150 Million Payroll Wage Increase in FY 2019 – IOTW Report

  26. jeans2nd says:

    “It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow.”

    Kevin A. Hassett, Chairman of the Council of Economic Advisers , told CFR last week that it would take 3 to 5 years for wages to catch up to the level of capital investment after the tax cuts went into effect. The tax cuts are less than a year old. Wage growth is actually exceeding predictions based on Hasset’s models.

    Last Wednesday, 9 Oct 2018, Kevin Hassett took on the Obama economic geniuses that gave us 8 years of uninterrupted misery, at the Council of Foreign Relations. It was glorious.

    This was 57 minutes and 40 seconds of Kevin Hassett telling the CFR to ESAD. It was completely glorious. Listened to it twice, yesterday and again today. Kevin Hassett smiled and laughed the entire time. Steve Rat ner spent his time baiting Chair Hassett with the Keynesian-Chicago-Marxist School models. Chair Hassett countered every point with the Hassett School model, which is revealing itself to us in real time.
    Rat ner was reduced to “Fair enough.”

    Anyway, Chair Hassett is pleasantly surprised that we are seeing wage growth so fast. Perhaps you might send Chair Hassett your models to reconcile with his. 😉

    Do yourself a favor and take in this glorious hour. Oh yes, and please add another name to POTUS’s stable of economic lions. The wage growth part is 19:00 to 22:42.

    We have another economic powerhouse, our new WTO Ambassador, who is making Nikki Haley look like a timid kitten. U.S. Ambassador to the WTO and Deputy USTR Dennis Shea spoke at CSIS last Friday. Will put that one in the open thread.

    Like

  27. Fools Gold says:

    Thank You and I agree. I retired 5 years ago but I remember years like that during and after Reagonomics. Trump has all the pundits hair in fire!

    Like

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