Topic: Unemployment

Fiscal Policy, Regulation, Unemployment

Harris’s ‘Joy’ Would Cost US Dearly

– September 9, 2024

“Economists have a duty to point out just how destructive these proposals are.” ~Alexander W. Salter

Unemployment

Minimum Wages Wreak Labor Havoc

– August 8, 2024

“They arrogantly believe that this time will be different; that their version of a minimum wage will work where every other has failed. Unfortunately, this is what every previous lawmaker believed, too.” ~David Hebert

Economic Growth, Technology, Unemployment

Where Will the New Jobs Come From?

– July 23, 2024

“Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations.” ~Art Carden

Financial Markets, Inflation, Unemployment

June U-3 Jobless Rate Triggers Sahm Rule: Recession Ahead?

– July 5, 2024

“This uptick triggers the Sahm Rule, a real-time recession indicator, suggesting that the US economy is in, or is nearing, a recession.” ~Peter C. Earle

Regulation, Technology, Unemployment

Who Loves Minimum Wage Laws? Kiosk Makers

– July 2, 2024

“Minimum wages and workplace regulations protect some people, alright, but not the workers. Instead, these rules protect anyone who provides a substitute for the labor that workers bring to the table.” ~Art Carden

Technology, Unemployment

AI Eases Its Own Labor-Market Transitions

– June 11, 2024

“Not long ago, search engines like Google were not understood by the masses, which forced people through experience to learn how to ‘Google’ webpages in the proper way. Submitting a search query is similarly a new language to learn, just like prompting a language model.” ~Samuel Crombie and Jack Nicastro

Taxation, Unemployment

Creating So Many Jobs that Destroy Wealth

– May 22, 2024

“Many of the jobs created directly or indirectly by government policies impose net costs on society rather than producing benefits, which worsens rather than improves Americans’ wellbeing.” ~Gary M. Galles

Economic Education, Regulation, Unemployment

They Can Afford It!

– May 1, 2024

“Even companies with unusually high net worth cannot, in fact, afford to pay workers more than those workers contribute to the companies’ bottom lines.” ~Donald J. Boudreaux

Regulation, Unemployment

Sanders’s 4-Day Week Will Kill Flexible Jobs

– April 29, 2024

“Many Americans juggle multiple or part-time jobs to make ends meet. This policy would add another layer of complexity and constraint in a market that requires more flexibility, not less.” ~Vance Ginn

Art and Culture, Economic Growth, Religion, Unemployment

Weaving Stable Neighborhoods

– April 29, 2024

“It’s simply unconscionable that so many of us continue to invest our charitable time and treasure into projects that undermine social cohesion rather than building it.” ~Rachel Ferguson

Art and Culture, Economic History, Taxation, Unemployment

Big-Government Welfare Crowds Out Beneficial Social Behavior

– April 11, 2024

“Means tested welfare necessarily crowds out the poor from productive employment by substituting government grants for family earning and community support.” ~Donald J. Devine

Fiscal Policy, Unemployment

Assessing Bidenomics: The Fatal Conceit of National Commercial Policy

– April 2, 2024

“Roughly 50 cents out of every dollar of economic activity in the US is controlled by a government, rather than an entrepreneur, consumer, or investor. That is bad news for efficiency and growth. It’s also bad news for liberty.” ~Nikolai G. Wenzel