Does My Vote Change My Payroll?
from Seriously, What Could They Be Thinking? Podcast Hosted by Cindy Goodwin-Sak and Jaime Peters
Quick: can you name your state representative? Cindy couldn’t. By the end of this episode, you’ll see why that person may matter more to your business than whoever wins Congress. With the midterms here, Cindy Goodwin-Sak and Jaime Peters do the homework before the outrage. Since 1914, both chambers of Congress have flipped together only 7 times in 56 elections, and economists find that the party running Congress doesn’t predict economic growth. Elections still reach your business, just not where the headlines point. In this episode: * How and when Congress flips, and why flips almost always follow the White House * The real pre-election effect: businesses tap the brakes, cutting investment about 4.8% in election years * How Michigan restaurant owners faced three versions of the same wage and sick-leave law, and who decided which one stuck * Why 69% of adults called the last presidential election a significant source of stress, and what that means for your team Three takeaways for managers: * Expect the whiplash, and know your statehouse. * Plan for the calendar, not the winner. * Give them space, and give them time to vote. And no, neither of us will tell you how we’re voting. Our spreadsheets know. Keep your spreadsheets handy and your coffee strong. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit whatcouldtheybethinking.substack.com
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