American Worker Shortage

The Wall Street Journal‘s editors have taken note of our nation’s workforce problem and its relation to our immigration problem.

The birth rate has been sliding for years, and it’s about to translate into a shrinking labor force. By 2040, according to a study out this week, America could have more than six million fewer working-age people than in 2022. The only way to counter the domestic trend is by attracting workers from abroad.

When Did History Begin?

According to members of the Progressive-Democratic Party, it began in 2022. Take, for instance, the Progressive-Democrat Congresswoman from Pennsylvania, Chrissy Houlahan.

As inflation cools, it’s important to think about how far we’ve come since the crisis brought on by the COVID-19 pandemic and the invasion of Ukraine by Russia.

How far we’ve come:

At this time last year, due to the efforts of the Biden administration and congressional Democrats as we emerged from the pandemic, we were seeing strong economic growth, historically low unemployment, and large wage increases, particularly for low and middle-income workers.

CIOs, Affirmative Action, and Diversity

Company CIOs, Chief Information Officer inhabitants of the C-Suites, claim to be worried about the impact of the Supreme Court’s recent ruling banning colleges’ and universities’ use of race as an admission criterion on their own access to a suitably “diversity”-laden work force.

By removing race from college admission considerations, the pool of tech talent entering the workforce may not only be less diverse, it could also be smaller if underrepresented minorities don’t see the field as a welcoming or viable option, those executives say.

Stockpiling Workers?

Hiring is up, apparently, and hours worked by employee is down.

[E]ven as employers cut hours, they are also adding workers—something they don’t usually do when contraction looms. Payrolls rose by 339,000 in May and by nearly 1.6 million for the year to date. Layoffs were nearly 13% lower in April than in the average month in 2019, according to the Labor Department.

How does that work, exactly? This is how.

The expense and trauma of hiring have left employers unusually eager to avoid shedding staff they will need when business picks up again, according to [Managing Director and Senior Economist at Nomura, Aichi] Amemiya.

Aiding and Abetting?

Acting as an accessory?

Lululemon CEO Calvin McDonald is defending with a straight face his decision to fire two employees who, while thieves were robbing a Lululemon store, verbally objected to the thefts, filmed the thieves in the act, and called the police.

McDonald insists that employees should “let the theft occur.” He went on:

We put the safety of our team, of our guests, front and center. It’s only merchandise. They’re trained to step back, let the theft occur, know that there’s technology and there’s cameras and we’re working with law enforcement.

We’ll Soon Learn Two Things

We’re about to learn two things about the Canadian government. The Public Service Alliance of Canada, which represents nearly a quarter million government employees, have gone on strike for…DEI claptrap like mandatory “unconscious bias” training; an intrinsically racist $1,500 bonus that’s only for Cree, Inuktitut, Dene, or any other Canada Indigenous language speakers; more racism in the form of special time off just for Indigenous employees; government-paid, which is to say Canadian taxpayer-paid, time off for union “training;” a union-administered “Social Justice Fund,” which PSAC carefully declines to say is its purpose—just give the union the money—and on and on.

Higher Ed Administrators and Values

New Jersey’s Progressive-Democratic Party Governor, Phil Murphy, has decided to intervene, nakedly, on the side of unions in a labor dispute between Rutgers faculty and Rutgers administrators.

Rutgers faculty walked off the job Monday after three employee unions launched a strike. The move has left classrooms empty….

Under New Jersey law, university administrators can go into State court and get an injunction forcing an end to the strike and a resumption/continuation of negotiations. Murphy has stepped in, though, and told the administrators “don’t you dare.” Murphy’s diktat isn’t, strictly speaking, enforceable, but Murphy does control 20% of Rutgers’ state funding, and he appoints the majority of its board.

Gainful Employment

In her Wednesday Wall Street Journal op-ed, Judy Shelton wrote extensively about the Federal Reserve Bank’s spotty performance in combatting the latest round of inflation, effort in which the Fed has been engaged for the last year.

Then she concluded her piece with this:

In other words, when capital is allocated through meaningful price signals that reward long-term investment in productive economic opportunities, people become gainfully employed and real growth leads to greater prosperity.

True enough as far as it goes. However, the Fed’s impact on capital allocation isn’t the only factor.

An Attack on Workers’ Rights

Hypocritically, it’s by the Progressive-Democratic Party, which runs Michigan’s government. That’s the party that claims to champion the rights of America’s workers.

[State] Senate Democrats voted along party lines in support of repealing the decade-old “right-to-work” law in a state long considered a pillar of organized labor.

The State’s House already had passed a substantially similar bill, now the two go to conference to reconcile the differences, then the result will be voted up in both houses and sent to Governor Gretchen Whitmer (D) to be signed into law.

Free Market or Pro-Working Class?

That’s the question posed regarding the future of the Republican Party in Saturday’s Wall Street Journal Saturday Essay.

The headline and subheadline combine to posit a false dichotomy, though.

Can the GOP Become a Real Working-Class Party?
Some Republicans want the party to break from its longtime free-market agenda and focus instead on the needs and frustrations of workers. Others see danger in moving away from the legacy of Reagan.

It isn’t possible to be pro-working class without being also being pro-free market. It’s the free market that generates the prosperity, flexibility of business decision-making, and breadth of worker and potential worker choice that produce the most benefit for workers.