It’s great news that Amazon wants to raise its own minimum wage to $15/hour. Shows the economy is growing and workers are more in demand. Companies which compe More...
Ever since at least the time of Queen Elisabeth the First, workers have objected to open immigration on the rational economic grounds that “foreign” workers drive down wages. Employers, on the other hand, have always been for open immigration for exactly the same reason. Employees want the protec More...
And why we can never get rid of them.
The chart from American Enterprise Institute could almost be this whole post. More...
TIPS May Be the Answer
Someone I know is coming into a moderate sum of money and asked me how he can invest it “risk free”. He was very clear that he isn’t looking for gain on the investment, just safety; so, although no investment can More...
Software companies usually don’t borrow money; I blogged long ago about the loan my old company couldn’t get to buy a switchboard. But in 2011 Mary and I More...
Every economist worth her or his salt has a theory about why the great recession was followed by a nearly jobless recovery. Historically, lots of jobs are created in a surge when the economy is recovering; didn’t happen this time; many people left the work force and never came back.
I’m n More...
Moore's Law explains why the price of everything electronic keeps going down; but now Moore's Law is starting to have an effect on much more than technology prices The costs of energy, medicine, law, education, financial transactions, and government itself are falling because of Moore' More...
The Washington, DC area was one of only two US Metropolitan Statistical Areas (MSAs) in which housing prices increased year-over-year according to the latest release of the More...
The Chevy Volt is a great example of why government incentives are a terrible way to accomplish policy goals: much of the rebate money goes to paying people for what they were going to do anyway. Another share of the rebate goes to increased margins for whoever is selling the favored product.
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