Robert Samuelson on the “largely false” narrative that globalization is the main culprit in loss of American jobs. The bigger cause by far is productivity gains. He focuses on the example of steel, where inefficient plants have closed and mini-mills, recycling steel, have boomed. Summing[...]
Posts Tagged ‘Economy’
August 16th, 2016 - 11:07 am § in Misc.
David Brewster: The largely false narrative that globalization is the main culprit in loss of American jobs
June 27th, 2016 - 1:35 pm § in Politics
Where have all the workers gone?
“Something is rotten in the U.S. economy. Poor men without a college degree are disappearing from the labor force. The share of prime-age men (ages 25-54) who are neither working nor looking for work has doubled since the 1970s.” — The Atlantic “The U.S.’s labor participati[...]
June 23rd, 2016 - 9:42 pm § in Uncategorized
British voters deliver a shocker
“In a dramatic turn that polls did not predict and which markets failed to price in, the United Kingdom is on course to leave the European Union, according to the latest predictions.” — CNBC When Brits finally voted, nationalism overcame common sense. “Brexit” won a s[...]
May 23rd, 2016 - 9:53 am § in Misc.
Obama Plants The US Flag In Hanoi
Obama told a joint news conference with Vietnamese President Tran Dai Quang that disputes in the South China Sea should be resolved peacefully and not by whoever “throws their weight around”. But he insisted the arms embargo move was not linked to China. HANOI (Reuters) – In sharp warning [...]
May 19th, 2016 - 11:41 pm § in Misc.
Recommended Read: PPT
Big Report, Little Finding: The ITC Evaluates the Economic Impact of the TPP A huge amount of political steam has been blasted by Sanders and Trump in an effort to to pin the TPP trade pact as an albatross around the necks of Hillary and Obama> The essence of this hot air has bene that[...]
May 10th, 2016 - 1:37 am § in Misc.
Campaign Economics .. an honest comment by Robert Reich
Greg Mankiw, a conservative economist at Harvard, lists (in the article linked through the cartoon) what he considers presidential campaign myths. He’s right about two of them, partly correct about two, and wrong about two. Here are the so-called “myths” Mankiw lists, along with [...]
March 3rd, 2016 - 10:06 am § in Uncategorized
Why the rich are doing so well and nobody else is
All wealth is created by workers. What separates the wealthy from the working classes is how it’s distributed. The problem isn’t that America has lost its work ethic; it’s inequality of power, and what’s missing is fairness.[...]
March 3rd, 2016 - 9:58 am § in Schools & Colleges
Millennial message to self-righteous Baby Boomers
The economy is different now. (Read story here.) [...]