Dangerous Demographics in the Monthly Labor Summary
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
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The Great Reconsideration
“If not merely a response to what has been a confusing, stressful, and financially challenging year-and-a-half, the Great Reconsideration of work, life, and self-actualization is likely to resonate vastly beyond the coming months.” ~ Peter C. Earle
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Lumber, Labor, and Gas Markets Tell SAD Stories
“As economists emphasize whenever price gouging rules kick in, ignoring what supply and demand analysis has to teach us usually means making the problem worse rather than better.” ~ Art Carden
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Setting the Table for Covid-X
“Covid-19 struck a robust, arguably healthy economy; a less productive, more heavily-indebted, higher tax economy awaits Covid-X.” ~ Peter C. Earle
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Unemployment in Free vs. Locked-Down States
“States like New York and California, where millions have been driven into financial ruin, imposed top-down draconian measures in order to ‘stop the spread.’ They have only registered significantly worse outcomes, on both a disease burden front in addition to the ruinous economic and societal side effects of lockdowns. Not a single top-down restriction supposedly intended to ‘stop the spread’ did anything statistically demonstrable to quell the virus problem.” ~ Jordan Schachtel
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Can We Talk About Something Else Now?
“We might, as the protesters I heard on the radio, remember that other things matter too, that one type of risk must be balanced by the harms of another, that risk-mitigating policies be proportionate to the damage, that few things warrant the wholesale closing of commerce and civil society.” ~ Joakim Book
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Let the Unemployment Benefits Expire
“The bottom line is that everyone needs to take a deep breath and let the unemployment insurance expansions expire. People, sensible adults that they are, will then naturally return to their lives and jobs.” ~ Vernonique de Rugy
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On Shocking Job Losses, the Worst May Be Over (Video)
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. Here I join Karen Tso, Steve Sedgwick, and Julianna Tatelbaum from CNBC “Street Signs” to discuss the U.S. economy.
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Peter Navarro Has Got to Go
To Navarro, the answer to every question is always and everywhere erecting barriers to the production of others. To say he amazingly believes something is to pretend a lot of thinking informs what he says. Probably not.
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The Unthinkable Cruelty and Inhumanity of the Coerced Shutdown
While the 350 laid off oyster workers will likely receive very little severance, along with no assurance of future employment, those in the employ of the federal government get paid for all of their time off, health benefits, seniority income gains, you name it
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Labor Unions, RIP
“Beaucoup de trafic!” the Uber driver sighed with exasperation, looking at me in the back seat via the rear view mirror. I nodded and shrugged; before arriving in Paris early this week, I had been warned about la grève — the widespread strikes in respo …
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Microsoft Saw What a Four-Day Workweek Can Do
One of the most groundbreaking characteristics of a developed economy is the freedom entrepreneurs and firms have to develop their companies as they see fit. It was precisely this freedom that allowed Henry Ford to experiment with the 40-hour workweek …
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