Labor and Wages
Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
In Defense of Landlords
Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup it for some time. In creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.
Why the Current Unemployment Is Worse Than the Great Depression
Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.
This Bust Wasn’t Caused by a Virus
This Bust Wasn’t Caused by a Virus
The COVID-19 panic may have sped up the beginning of this economic crisis, but the virus wasn’t the cause. The real cause of the crisis was the boom that came before it.
Why the Current Unemployment Is Worse Than the Great Depression
Even though the official unemployment rate is probably not quite as high as it was in 1933, there are reasons to believe that our labor market is currently in even worse shape economically than it was at the lowest depths of the Great Depression.
The US Labor Market Will Heal Faster Than the European One
The key to recovering jobs quickly and efficiently is the combination of a flexible labor market, an attractive investment framework, and solid policies to preserve the business fabric of the country.
Danish State Plans to Pay the Salaries of Private Sector Workers
The Danish state believes that the nation can avoid economic collapse if the state pays private sector workers' salaries. This, it is thought, will allow private companies to avoid layoffs. But there's a downside.