Wednesday, March 22, 2017

Walker/Ryan's guy could cost WI 2,000 medical/research jobs

Nearly 2,000 jobs and up to $280 million lost to Wisconsin.

That's the economic and employment estimate provided by Dr. John Raymond, Sr., the President and CEO of the Medical College of Wisconsin should Paul Ryan push Donald Trump's budget through the US House and into law:
The annual total of the unprecedented cuts to research would tally about $7 billion nationally...each $1 million of NIH funding has been estimated to create 17.5 jobs in the sponsoring institutions and their supply chains — and to have a regional economic impact of $2.2 million and $2.6 million. 
So those cuts will cost Wisconsin nearly 2,000 jobs and $220 million to $260 million annually.
The cuts would diminish our country’s leadership position in biomedical and applied research at a time when other countries — especially India, China, the European Union and Pacific Rim countries — are investing heavily in research. I respectfully but vigorously oppose the proposed cuts.
And let's say the estimate is off by 50%. 

Or that 50% of the funding is restored.

Why would Wisconsin GOP political leaders support Trump and Ryan's Draconian budgets if that would slash 1,000 high-paying and life-affirming jobs in just this one part of the economy in our slow-growth state where pay is falling and which principally adds low-wage work?

Where Walker is still more than 60,000 jobs short of the 250,000 new jobs he promised to create after four years in office - - and now we're in his year seven.

And where the middle-class has suffered the most drastic shrinkage in the nation?

The Walker/Ryan/Trump ideology is worse than useless. It's destructive.

More evidence:

Report: Wisconsin's older adults would pay thousands more under Republican health plan


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