Krugman Needs a Lesson on Why Truckers Are Paid Less Now than in the 1970s
Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.
Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.
Mandatory parental leave imposes costs on employees who don't qualify for leave, and on the employers themselves — driving down demand for workers, and raising unemployment.
Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.
In a relatively unhampered market, a declining population is not necessarily an economic problem. But in a system where retirees can loot younger workers through government pension systems, there is a real problem, indeed.
Small businesses are essential in providing employment for workers who might otherwise be locked out of the mainstream economy. Small firms also drive large firms to compete for workers, thus driving up wages.
Reparations to heirs of slaves make sense so long as the actually guilty parties are the ones paying. Short of that, the policy being discussed has nothing to do with reparations. It's just a wealth redistribution scheme.
We are better off not needing twelve people with shovels to do the same thing as a single bulldozer. Robots are not fundamentally different from a bulldozer.
Citizenship based on a person's current location is a long and well-established principle in the Americas. But this is not the case back in Europe.
The rich get rich by virtue of making what's dear rather cheap, thus helping the poor the most.
Dollar stores are hardly the starvation-producing hellholes that the critics claim them to be. They serve their customer base well, but it is not a customer base of elite journalists and politicians.