Category: Labor Economics

Can Buy Me Love

There is something eerily similar to the behavior of politicians competing for votes and that of divorced parents competing for the love of a child. There are two strategies deployed in this endeavor. Tear your competitor down with insults or build yourself up through gifts. With either approach there is little daylight between Democrats and Republicans. With Trump’s recent speech directed at working women we see that the difference between Democrats and Republicans is in degree, not kind. Both are quite willing to violate the rights of the individual upon the altar of compulsory collectivism, because you know, feelings.

September 22 / 2016

Capital Day

Show me a worker laboring without any contributions from capital and I’ll show you naked primitives feeding off berries and dead carcasses. Every advance in the standard of living is built on a foundation of both labor and the deferred consumption (capital creation) that permits the creation of tools to augment laboring efforts. Holidays should be deployed to remind the populace of that which normally escapes public notice. This is exactly why we need a “Capital Day”. Although capital surrounds us, it is too often ignored, like the air we breathe, and like air, our society would be dead without it.

September 05 / 2016

Being a Jerk at Work is a Human Right, Says Labor Board The National Labor Relations Board (NLRB) recently told T-Mobile that its policy against workplace incivility is illegal. Nope, say the bureaucrats: workers have a right to be surly on the company dime. The Huffington Post crowed about the ruling in a recent post. […]

June 07 / 2016

You can lead a horse to a carousel, but you can’t make him eat a free lunch

Like the static animals and chariots of a carousel, the unchanging bureaucracy provides support to our elected officials, who come and go like so many children believing they are driving when in fact they are merely passengers. … [DOL mandates] do not require a new law or public debate. Only a handful of bureaucrats need to simply decide “ok, let’s just change this” and that’s it.

Job! 2016

The blind spot that infects every conversation about immigration vis-à-vis jobs is this central fact: we are all buyers and sellers in the economy. You cannot simultaneously protect yourself as a seller without harming yourself as a buyer. Decreasing money wages, when driven by the competition originating from increased production, are reflective of a necessary growth in real wages.

August 11 / 2015

Paddling Upstream

Like a talent sieve there is nothing to retain or attract the more productive employee when it is need, and not effort, that is rewarded. Likewise, like an anti-talent magnet only those with the lowest drive and skillset will be attracted, for where else could they have any hope of earning such a high wage?

August 03 / 2015

Substitute Band Leader

… while he (the President) praises the capacity for the American economy to foster vigorous job growth he is entirely oblivious to the fact that the rate of productive job creation scales with the level of individual freedom … and thus being so oblivious he then calls for yet another layer of regulation that is guaranteed to retard the very job growth he praises.

January 27 / 2015

Unionvergnügen

In the words of Bob King, President of the United Autoworkers Union (UAW), the UAW has no long-term future if they cannot expand their membership into Southern auto plants. And it looks like that day may come sooner than anyone expected: workers at the Volkswagen plant in Tennessee recently voted by a margin of 53-47% […]

February 18 / 2014
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