3 ms·
There is a massive hit to entrepreneurship because of lack of blanket healthcare. As if it were not enough to risk everything on a bootstrapped business, I have
by papito 5y ago
There is a massive hit to entrepreneurship because of lack of blanket healthcare. As if it were not enough to risk everything on a bootstrapped business, I have to now risk pulling the short straw, getting hit by a car and going destitute? I don't think so.
How many people out there are doing the 9 to 6 because of that? I am one of them. I have a software business idea, but I either need to:
1. Save a ton of money to pay the ludicrous levels of private health insurance.
2. Get married to a city or federal employee, so I can be on their health insurance.
In my case, it will be #2, but it's a total coincidence that she is one of those.
In the meantime, those of means have plenty of cushion to fall on, trying and failing over and over, until they hit it. Most of us don't have the option of failing even once.
- novok 5y agoI agree that socialized healthcare should exist, but I am also saying it might not solve as many issues as you think they will. The root cause of this specific issue isn't related to a lack of healthcare, but regulations propping up real estate as an investment category and preventing supply growth, in both countries. A lack of wage growth comes from fed policy to raise interest rates and slow down the economy just at the point where wage growth starts occurring, because they think it's inflationary in a major way, and the fed is public about this policy. Bring full socialized medicine to the USA, and the housing & wage issue will definitely still remains, as it does in Canada. Entrepreneurship is probably worse overall in canada because of culture, some banking policies and overall lack of investment capital available for non-resource entrepreneurial activities compared to the usa. But yes, health insurance is a dampener on entrepreneurship too.