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April 2020

Will America 2.0 see a revaluation of labor?

Has COVID-19 softened Labor/Management relations?

By Dr. Larry Fedewa        Washington DC, April 26, 2020

Entrepreneur extraordinaire Mark Cuban has coined the term, “America 2.0” to designate the new realities Americans will face as a result of the COVID-19 quarantine. One of those realities has been the highlighting of the interdependence of labor and management required to attain a successful business. In case after case, we have heard employers and business owners discuss the extreme measures they have undertaken to reduce the burdens on their employees as they face loss of wages and even employment. Their pleas for help have finally penetrated even the hallowed halls of Congress and the Federal Reserve.

Many are learning the lessons that John Mackey discusses in his account of the time when his Whole Foods store would have failed if not saved by the efforts of his loyal employees, suppliers and customers. (Conscious Capitalism, 2013) He discovered that the fate of his business was really in the hands of all those whom he had served so diligently. They had repaid his loyalty to them by proving they were also stakeholders in his company.

This is the prism through which we are looking at the topic of this discussion. Clearly, there are external factors as well. Before the pandemic, we were very close to a labor shortage. We were hearing pleas from recruiters to retirees and other pools of unattached workers to rejoin the workforce. Hiring and retaining a competent workforce was becoming a high priority in some industries, and critical in others. The usual effect of such a situation is an increase of the enticements to candidates or employees to hire or retain their services, including bonuses, higher wages, and enhanced benefits.  Keep Reading

What will happen on Main Street?

 

Will there be permanent changes after COVID-19 is gone?

(Washington DC, April 19,2020 by Dr. Larry Fedewa) The total shut-down of American activity will soon be drawing to an end, one area at a time. When we look around us at the world of shutters and silence, it may be worth thinking about this sheltered lifestyle and trying to project forward toward “a new normal”, that is, what effects might this time have on the future? We will look at several areas of American life: home and family, business, recreation and entertainment, and social trends – as a small sample of a very complex topic. Keep Reading

Republican activist agenda for 2020 elections

 

Republicans have a once-in-a-lifetime chance to become the majority party!

Washington DC. April 11, 2020 by Dr. Larry Fedewa) For Republican activists who would like to a plan of action for the summer and fall, I would suggest that they work to increase the Republican Party’s base. There are three constituencies which the Republicans need to capture if they wish to return to majority party status:  black voters, Hispanics, and suburban women.

Black voters

Background

Remember that Abraham Lincoln freed the slaves in 1863 and black Republicans were the first elected officials of their race during Reconstruction. This phase ended when the Democrats struck back with the Ku Klux Klan and began a reign of terror against southern blacks which lasted until Republican Dwight Eisenhower signed the Voting Rights Bill of 1957, the first victory of the civil rights movement. Keep Reading

How do we end this?

Employers must be part of the re-open strategy

By Dr. Larry Fedewa

(Washington DC — April 6, 2020) Two weeks ago, we discussed “Trump’s huge gamble”, namely, his decision to follow the action plan prescribed by the public health experts rather than attempt to mitigate the effects of coronavirus with less drastic means. To date, that strategy seems to be effective in reducing the spread of the disease to more or less manageable dimensions. The prevalence of cases seems increasingly limited to densely populated urban areas, most notably, New York City.

The economic cost, however, is already beyond any recession in recent memory, with the possibility of becoming catastrophic. The entire sequence of events is unique in American history. Never before has the country simply stopped in place 75% of the economy. The closest parallel may be the 14th century Black Death which is estimated to have reduced the population of Europe by 50% after returning several times over a span of two generations. But the resulting drastic effects on the medieval economy were not voluntary like this one. Plus, it was so long ago that few lessons can be drawn to benefit our current decisions. Keep Reading