…is also a cost to labor. Minimum wage mandates took effect at the start of the year in 18 States and in 20 cities. These mandates have drastically raised the cost to labor.
Late Monday, casual dining chain Red Robin Gourmet Burgers (RRGB) announced that it would eliminate bus boys at 570 restaurant locations, a move that is expected to save the company an estimated $8 million over the course of the coming year. The company’s chief financial officer said the decision was made in order to “address the labor increases we’ve seen.”
Education Secretary Betsy DeVos is taking steps to redress the Obama administration travesty of a student loan program, but these can only be interim steps and by themselves are entirely insufficient.
Unfortunately, the student loan programs are entirely dysfunctional and want complete revamping. My high-level suggestions:
- student loan discharge only via bankruptcy, no special treatment of these loans
- let schools and students write their own loan agreements, including interest rates and payback provisions, without Government interference
- hold those schools and students to those agreements
- if Government guarantees any student loans, do so IAW the following:
An oldie but goodie that demonstrates the awesome durability of the New York Times‘ writer’s acumen. Uncovered by my wife.
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Recall the National Labor Relations Board’s case of a couple of years ago, Browning-Ferris Industries.
Browning-Ferris concerned a recycling center staffed by contractors. The original [NLRB] ruling found the contractors were jointly employed by a staffing firm and Browning-Ferris.
This ruling, if allowed to stand (the case also is in the Federal court system) would have allowed contractors like those at Browning-Ferris, McDonald’s, and any other franchise-centered corporation not only to form unions at individual franchises (which they’ve always been able to do), but also to form a grand union across the corporation.
The Wall Street Journal has a summary of the House’s The Promoting Real Opportunity, Success and Prosperity Through Education Reform (PROSPER) Act, to be proposed this week. It’s aimed at
filling that gap [in college graduates’ skills, with 6 million jobs left begging] by both deregulating parts of the sector and laying the conditions for shorter, faster pathways to the workforce. The act focuses on ensuring students don’t just enroll in school, but actually graduate with skills that the labor market is seeking.
Highlights include these:
After being unable to get a job with any team in the NFL this season, Colin Kaepernick has filed a formal grievance against the NFL, each of the 32 team owners, and President Donald Trump—who supposedly “influenced” league management and team owners into not hiring him—alleging that they colluded to not sign him at quarterback, or end-of-bench monitor, this season.
Coincidentally, his filing comes after a year in which he routinely attacked our flag and national anthem and insulted our veterans by taking a knee during the pre-game playing of our national anthem. Also coincidentally, his filing comes after a year in which he led his last employer, the San Francisco 49ers, to a 1-10 record before the team tired of losing and benched him.
And another incentive for businesses to relocate.
San Francisco is looking to tax robots because they are taking rote jobs that humans do. They’re not the first to consider such a thing, but it’s still foolish. Never mind, especially with minimum wage laws pricing the unskilled and/or poorly educated out of work, that robots do the jobs more cheaply. Robots are more reliable, too, as Security guard Eric Leon noted about a security robot:
He doesn’t complain. He’s quiet. No lunch break. He’s starting exactly at 10.
First published in 2015, I’ve updated it for today. In an ideal world, I’ll be able to update it again next year, with a more optimistic tone.
The Wall Street Journal asked some questions on Labor Day 2012, and supplied some answers. Here are some of those questions and answers, which remain as valid this Labor Day.
[Because this is a family blog.]
I had this one this morning while out on one of my walks. It concerns a free market economy, bankruptcy, the bankrupt company’s employees, and what we ought to do about those employees.
In an ideal world’s free market, then, here is my gaseous expulsion. It comes against the backdrop of my long-held disdain for the citizens of one State being forced to send their tax dollars to another State via the mechanism of Federal transfer payments in order to indemnify the recipient against its own foolish spending. That backdrop also includes James Madison’s remark, on the occasion of Congress’ considering money transfers to Haitians after a devastating earthquake
There are 12 days left after their 5 September return from vacation, driven by the Obamacare requirement for health plan providers to commit by 17 September to selling their health plans for the next year or withdrawing, for Congress to pass a potful of legislation.
Two proposals regarding Obamacare are in the offing. One would shore up the funds transfer of Federal dollars to those providers who are losing money in ObamaMart, and the other instead would send that money as grants to the States to help them generate their own health coverage plan programs. This one also would eliminate the Individual Mandate.