What’s Killing the American Dream?|5 Minute Video
The American Dream is real, but it may not be for much longer. What exactly is the American Dream?
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Script:
What do you call it when individuals have an excellent idea and run the risk of whatever they have– time, money, energy– to make that concept a truth?
I call it the American Dream.
Ritu Shah-Burnham had an idea. She imagined opening a pizza franchise in Seattle, Washington. It wasn’t easy– it never is– however she made it take place.
Richard Clark had an idea. He grew his service to over 200 employees.
Kenneth Jarosch oversees a bakeshop in Chicago began in 1959 by his dad and grandpa. The neighborhood has actually seen a great deal of changes over the decades, however there’s constantly been something you might rely on: delicious bread and pastries fresh from the Jarosch ovens.
Ritu’s, Richard’s, and Kenneth’s stories are played out every day throughout America: a million variations on the same style– starting an organization, running a business, keeping a service going.
America leads the world in small business creation, with over 28 million small companies. And, let’s not miss out on the obvious: every big organization with thousands of staff members began out as a little service.
Therefore were The Home Depot and Nike born.
Offered the significance of small businesses to the American economy, you would believe the government on all levels– city, state and federal– would do everything it could to motivate their formation and development.
In other words, you ‘d think the government’s mindset would be, “How can we help you?”
Sadly, this is not the case. In fact, it’s the opposite. The federal government is eliminating small companies– eliminating them with excessive taxes, over-regulation and complicated compliance.
One such concern is the existing push to hike federal, state and city minimum wage rates from about $7.25 an hour to as much as $15.
Did her workers. When the city of Seattle raised their minimum wage to $15 an hour, all the profit went out of Ritu’s pizza parlor. She lost her business and her workers lost their jobs.
There’s the Affordable Care Act, which requires organizations with at least 50 full-time staff members to supply health insurance coverage for all of them. To make it through all the added expenses, lots of little business have actually lowered their employees’ hours to listed below 30 per week.
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source
America leads the world in small company creation, with over 28 million little businesses. And, let’s not miss out on the apparent: every big business with thousands of employees started out as a small organization. The government is eliminating small organizations– killing them with extreme taxes, over-regulation and complex compliance.
She lost her business and her staff members lost their jobs. There’s the Affordable Care Act, which needs services with at least 50 full-time workers to supply health insurance coverage for all of them.
