Signs of the Times

Without sounding too pessimistic and cynical of the new “Administration of Hope,” yet another sign of the times.

Today, Tempe-based Fulton Homes filed for Chapter 11 Bankruptcy. Founded by valley resident and philanthropist, Ira A. Fulton, the homebuilder is seeking legal protection from its creditors during a time when homebuilding in Arizona has come to a screeching halt.

Fulton Homes is also a major donor to Arizona State University and Brigham Young University with the ASU College of Engineering and Technology bearing his name.

How Fulton Home’s declaration will impact its private foundation’s philanthropic relationship with ASU and BYU is yet unknown but one can only expect it won’t be positive.

Meanwhile in Chandler, the Intel Corp has announced it will be reducing its workforce at its Chandler facility by several hundred workers.

And if to add insult to injury, the Obama Administration is pursuing raising the minimum wage to $9.50/hour by 2011. The current minimum wage is set at $6.75 and will adjust to $7.25/hour this July.

In addition, President Obama would also like to see each employee guaranteed seven days of sick leave each year. And finally, the Obama Administration would force employers to add “sexual orientation” and “gender identity” to their list of classes protected from discrimination.


Comments

  1. When jobs paying over $18 an hour are ending, we aren’t experiencing a peeble thrown into the lake we are seeing large rocks and when jobs paying over $22 an hour are hitting the skids those are large boulders being launched into the lake – the splash effect is very serious.

    We are talking about major effects on the surrounding economy and on the local and state budgets.

    I just saw that AZ had the worst drop in housing values in the whole nation.

  2. 7 days of sick times seems pretty fair, especially since co-workers belching cold and flu virii all over the office leads to a lot more people calling out sick, loss of productivity, and greater loss of revenue.

    Plus, since convolesence is one of the most effective ways of speeding recovery, it’s better for health care.

    Sounds good for the worker, good for the business, good for the country.

    Tell me, is it a knee-jerk reaction to oppose anything that is good for the average worker? Or is it something more calculated?

  3. GOP Boomer Gal says

    Klute,

    This should be a business decision; not O’Bambi’s

  4. GOP Boomer Gal,

    No, it shouldn’t, just like child-labor laws and OSHA regulations aren’t a business decision – businesses abdicated their responsibility in the past. In this case, the two mesh: public health requirements and what’s good for business (it’s better to have one employee out sick for 3 days than 7 employees out sick for 1).

    It does go back to basic medical science: the most effective way to stop an outbreak (whether its the common cold or cholera) is quarantine and convolesence.

  5. Klute,

    It is a business decision, and if it’s good for businesses, they will do it. Business does not need the government coming in to tell it how to operate. It assumes some omniscience on the part of government that is quite evidently not there. Child labor laws are a big red herring (it is in the 2000s now), and I suspect that a lot of OSHA laws don’t do a lot of good, but if you have some hard data on the cost effectiveness of OSHA regs, I’d be happy to take a look.

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