[net-gold] [Workers' Compensation] Slow Economic Grown Forecasts Dismal Future
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
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- Date: Sat, 28 Aug 2010 11:00:49 -0400 (EDT)
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Date: Fri, 27 Aug 2010 19:35:07 -0700 (PDT)
From: Jon L. Gelman <jon@xxxxxxxxxxx>
Reply-To: Net-Gold@xxxxxxxxxxxxxxx
To: net-gold@xxxxxxxxxxxxxxx
Subject: [Net-Gold] [Workers' Compensation] Slow Economic Grown Forecasts Dismal
Future for Worke...
.
[Workers' Compensation]
Slow Economic Grown Forecasts Dismal Future
The announcement today of slower
economic growth predicts a gloomy
future for the US Workers' Compensation
industry. A 2nd Quarter growth
rate of 1.6% is far below the minimum
2.5% rate necessary to halt the
increasing numbers of unemployed workers.
The US workers' compensation industry
is dependent on premiums, based
on wages, paid to workers. A lack of
workers on payrolls stalls the
economic engine necessary to fund the
system. The predictable response
is an increase in rates chargeable to
fewer employees in a time when
the country faces a predictable
deflation rate in advance of
potentially soaring rates based upon
inevitable inflation resultant
from increased governmental spending.
Seven more years, at a minimum of
high unemployment has been predicted.
Compounding the scenario is the fact
that the historical pattern of the
past will most likely not allow for
a major rebound as the facts of
economic growth, globalization and
transfer of manufacturing overseas
has devastated the base of growth
for the national workers'
compensation system.
Click here for more information on how
Jon L Gelman can assist you in a
claim for workers' Compensation claim
benefits. You may e-mail
Jon Gelman or call
1-973-696-7900
--
Posted By Jon L. Gelman
to Workers' Compensation
at 8/27/2010 10:35:00 PM
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Other related posts:
- » [net-gold] [Workers' Compensation] Slow Economic Grown Forecasts Dismal Future - David P. Dillard
