Donald L. Koch, president of Koch Asset Management, focuses on significant shareholder positions in community financial institutions. An analysis published by the Hoover Institution highlighted a 1.1% decrease in average wages from 2010 to 2014, attributed to workforce reductions in high-paying sectors like finance and health due to increased regulations from the Affordable Care Act and Dodd-Frank Act. The document examines the impact of these regulations on labor growth and wages, noting that both finance and health sectors faced significant job losses during this period.

1. Donald L Koch

2.  Donald L. Koch, president of Koch Asset Management,
specializes in acquiring substantial shareholder positions in
community-based financial institutions. The former president
of the National Association for Business Economics,
Jacksonville chapter, Donald L. Koch has also served on the
Stanford University-based Hoover Institution Board of
Overseers.
Hoover Institution published an article analyzing the 1.1-
percent fall in average wages between 2010 and 2014, as
compared to a rise of 3.4 percent between 2006 and 2010.
Since one of the two reasons average wages fall is an
employment shift away from well-paying jobs to low-paying
jobs, the analysis was focused on a reduction in the workforce
of two high-paying job sectors: health and finance.

3.  Jobs in finance and health typically pay 29 percent and 24 percent more
than the economy average, respectively. However, between 2010 and 2014,
these two industries realized a reduction in workforce by 5 percent.
Comparatively, the reduction of workers in finance between 2010 and 2014
was five times more rapid than it was in 2006 to 2010, following the 2008
recession. As for health, workers in hospitals grew significantly between
2006 and 2010, earning a spot among the top 10 percent of industries with
high labor growth. That trend reversed between 2010 and 2014.
One of the reasons for these steep declines in workforce was increased
regulation. The signing into law of the Affordable Care Act for the health
industry and Dodd-Frank Act for finance in 2010 marked the beginning in the
decline of real income. Because wages rise and fall in proportion to
productivity, tax hikes on capital decreased investment in the two critical
sectors, which proved detrimental to labor growth.