Jeffrey Tucker, editor of Mises Daily, gives valuable insight on how to dress during these resource-scarce times of recession.
Posts Tagged ‘Unemployment’
Truth Behind Unemployment
“Good news” from the Obama administration. Unemployment fell from 10.2% to 10%! According to the Wall Street Journal, unemployment fell despite the fact that there was a net loss of eleven thousand (11,000) jobs in November. Only in modern, mainstream economics can there be a net loss in employment, and yet a decrease in unemployment. [...]
How Not to Make Globalization Work
In Making Globalization Work, Joseph Stiglitz fails to make a good case against liberalization. Instead, he further underscores liberalization’s importance in global development, and instead misidentifies mercantilism as ” capitalism”.
Is It Fair to Lay a Worker Off?
Labor laws regulating how a business can fire its workers should be eliminated. Otherwise, government is actively discriminating against those who deserve the job.
On Unemployment and Industrial Restructuring
Krugman, once again, fails to take into all the factors in his mental calculations. This time he fails to make an objective critique of Schumpeter’s and the neo-classical theory on unemployment and fiscal spending.
Why Economic Stimuli Don’t Work
There are already talks of a second stimulus package. This will only bring about greater poverty and greater illusion of recovery. The future remains bleak for world prosperity.
Why I Don’t Accept Pay Raises
My low hourly wage rate makes me an attractive employee. By accepting a higher wage rate I decrease my appeal by that much, meaning that it would make far more sense to remain relatively cheap. Unfortunately, minimum wage laws have disallowed me to reduce my wages even further, to remain competitive in a market with a labor surplus.
Minimum Wage Welfare
The minimum wage has not guaranteed the same standard of living throughout the ages. Compared to employees in 1956 and even the 1970s, minimum wage earners make less today. The problem is not that there is too little welfare, it’s that there is too much welfare. The government is running the printing press to afford it, and it is inflating the dollar.
The Economic Role of Saving and Capital Goods
Ludwig von Mises on saving, capital goods and investment. Von Mises covers the effects of consumption and unions on the entrepreneur’s ability to invest capital to lengthen and widen the stages of production. He concludes that these interventions lead to greater impoverishment.
Agricultural Employment in Spain
Spanish agricultural excels largely because of the lack of minimum wage. Lack of government-imposed wage rigidity allows farmers to soak up much of the unemployment, and offer those who otherwise would not make an income some form of wage.
