Was having a conversation with my wife a while back. She's the office manager at a violin shop. Same job for 25 years. When she first started the cost of compliance took about 20% of her time - insurance, health care, workman's comp, unemployment ins, taxes, OSHA, even environmental regs - because they have a dumpster - city, state and fed, etc. Now about 30% of her time is filled on compliance. That's a 10% loss in her productivity and a similar loss to her employer's and the nation's bottom line. Meanwhile, there are probably 10% more bureaucrats working for all various agencies checking her work for any errors or evidence of non compliance. That doubles the nation's loss on her productivity. This is just one woman at one little company. Imagine the loss on a Hundred million workers. The long and short of it is there is too much regulation in America. That's a big part of why we can't compete.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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