New Hampshire’s economic reality
As a native Nashuan and retired businessman, I read with interest and curiosity the article in a recent Telegraph titled "Healthcare is the Key to Success" as an economic elixir for the issues of the decline in New Hampshire workers.
To quote the author, access to healthcare is the path to a more robust workforce when, in fact 100 percent of citizens living in the U.S. have always been able to receive healthcare. The issue has always been – who pays?
The Affordable Care Act didn’t solve that problem with the young foregoing coverage on a need basis, redistributing the cost to the middle class. That was never the plan.
The real takeaway is the 25 percent of workers over the age of 55 and the lack of replacements. A scarier statistic is the number of people who have left the workforce who are eligible replacements and no longer pursuing work, in part due to the substantial expansion of government assistance.
Concurrent with Telegraph reporter Damien Fisher’s recent piece is the reported exit from New Hampshire of world renowned arms manufacturers Heckler and Koch to Georgia and Sig Sauer’s expansion to Arkansas. Both companies are significant suppliers of both commercial and military weapons and defense systems.
Both cite our eroding competitive position regarding high health care costs, high energy costs and the lack of a Right to Work law currently adopted by nearly 30 states which together with energy policies resulted in the massive expansion of the U.S. automobile and tire manufacturing industries over the most recent 10 years.
The southern expansion will continue with the rebuilding of the Panama Canal, affording the super container ships to flow through to the East Coast to the expanded port of Charleston, S.C., avoiding the strikes that strangled Long Beach and Oakland.