Unemployment
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Still Failing to Learn the Lessons of Antipoverty Programs
“Our failure to recognize just how seriously the adverse effects of our efforts to ‘help’ people hurt them has come back to haunt America with a vengeance.” ~Gary M. Galles
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Robots Free Humans from Repetitive Tasks
“Robots handle repetitive tasks or heavy lifting that cause substantial wear on the human body, reducing the risk of injury to employees. Robotics with AI would complement, rather than substitute, human labor.” ~Janna Lu
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The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade
“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
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Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
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Political Corruption: There is Nothing New Under the Sun
“Tweed was all three branches of government rolled into one person, and nothing escaped his influence. Judges and courts were in his employ, legislators owed him their livelihood, and mayors and governors depended on his block votes for election.” ~Will Sellers
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Weak Economy Provides Key Policy Lessons
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
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Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux
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Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
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Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
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Recent Trends and Persistent Disparities in Teenage Labor Force Participation
“Almost every imaginable economic indicator was sharply affected by the pandemic. But in just the past year, both college enrollment and teenage labor force participation show signs of what may be to come.” ~ Edward Lopez and Kevin Lavery
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•
Still Failing to Learn the Lessons of Antipoverty Programs
“Our failure to recognize just how seriously the adverse effects of our efforts to ‘help’ people hurt them has come back to haunt America with a vengeance.” ~Gary M. Galles
-
•
Robots Free Humans from Repetitive Tasks
“Robots handle repetitive tasks or heavy lifting that cause substantial wear on the human body, reducing the risk of injury to employees. Robotics with AI would complement, rather than substitute, human labor.” ~Janna Lu
-
•
The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade
“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
-
•
Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
-
•
Political Corruption: There is Nothing New Under the Sun
“Tweed was all three branches of government rolled into one person, and nothing escaped his influence. Judges and courts were in his employ, legislators owed him their livelihood, and mayors and governors depended on his block votes for election.” ~Will Sellers
-
•
Weak Economy Provides Key Policy Lessons
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
-
•
Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux
-
•
Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
-
•
Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
-
•
Recent Trends and Persistent Disparities in Teenage Labor Force Participation
“Almost every imaginable economic indicator was sharply affected by the pandemic. But in just the past year, both college enrollment and teenage labor force participation show signs of what may be to come.” ~ Edward Lopez and Kevin Lavery