Category Archives: jobs

An Efficient Labor Market

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A writer, published in Wall Street Journal‘s Letters, responded to the idea that emphasis on education credentials over actual experience averred that the emphasis isn’t at all misplaced.

It’s more likely that there is a limited number of high-wage jobs available and that the market has efficiently set the wage based on the supply/demand curves.

This is a remarkably ill-informed claim, assuming as it does that we actually have an efficient market in labor.

Such a market cannot exist, though, in an environment where unions have monopoly power over labor in the industries in which they operate, nor can it exist in an economy with such widespread minimum wage mandates.

Since both of those exist, we are even farther from an efficient market for labor.

Becoming Happy

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It’s what Thomas Jefferson said a while ago:

If we can prevent the government from wasting the labors of the people, under the pretence of taking care of them, they must become happy.

If the people become happy, though, they—we—would have little need for so large a government. And that would put a lot of bureaucrats, and most importantly, politicians out of business.

That is what today’s Progressive-Democrats and too many establishment Republicans fear, even above fearing failing our nation—being unnecessary.

The Party of Economic Sense

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A Sunday editorial in The Wall Street Journal provides some pretty dispositive data concerning State economic behaviors during the present Wuhan Virus situation.

The baseline: the national unemployment rate for May was 13.3%.

Ten States remained above even 15% in their individual unemployment rates:

  • Nevada 25.3%
  • Hawaii 22.6%
  • Michigan 21.2%
  • California 16.3%
  • Rhode Island 16.3%
  • Massachusetts 16.3%
  • Delaware 15.8%
  • Illinois 15.2%
  • New Jersey 15.2%
  • Washington 15.1%

These States also had some of our nation’s most draconian lockdown requirements.

States with no lockdown or very light-handed stay-home instructions coupled with very early reopening include these, and their May unemployment rates:

  • Georgia 9.7%
  • Arkansas 9.5%
  • Arizona 8.9%
  • Utah 8.5%
  • Nebraska 5.2% (our nation’s lowest rate)

It’s a nearly pure Progressive-Democrat vs Republican view of the importance of economic health, and so of overall health. As with most things, though, there are a couple of exceptions.

Massachusetts, in that top-ten list of poor performance, has a Republican Governor and Lieutenant Governor, although it has Progressive-Democratic Party veto-proof majorities in both houses of the State’s legislature.

Colorado, Progressive-Democrat-run, isn’t on the list of top-five best performers, but that government ended its lockdown very early, and its unemployment rate is below the national average and falling further: from April’s 12.2% to 10.2% in May.

Notice that. The economic recovery rate is markedly improved by early release from lockdown gaol or by not locking up the citizens in the first place.

Keep in mind who has the better sense—economic, liberty, health—this November.

More Federal Money to States and Locals?

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The “unrest” sparked by the murder of George Floyd in Minneapolis, and now by the killing of Rayshard Brooks in Atlanta, is encouraging Congressmen to include increased funding for State and local jurisdictions in any “next stimulus” package that might be in the offing.

States and cities facing budget shortfalls have warned they might need to pare back spending on public safety, including police officers and fire protection.

“Including police officers and fire protection” is a cynical excuse for spending yet more OPM.

State and local jurisdictions aren’t effectively using the Federal monies they’re being given now, though. This is demonstrated by the rioting, looting, bad policeman (not bad police force) incidents that continue to proceed with no, or too slow, consequences.

There’s no need to throw more Federal money—more money from the taxpayers of other jurisdictions—down those ratholes until they start cleaning up their own messes.

Constitutionally Mandated Federal Funding

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House Progressive-Democrats have unveiled their “police reform” bill, a proposal crafted explicitly without Republican input. That last is neither here nor there for this post’s purpose. What matters is this claim in Eliza Collins’ Wall Street Journal article describing that bill and its alleged purpose:

The bill doesn’t provide any new federal funds for police departments, except where constitutionally mandated for data collection, according to Democratic aides.

This is an amazing claim. Maybe those Progressive-Democratic aides—or even Reporter Collins—would like to point to that clause in our Constitution that mandates Federal funds to police departments for any purpose, let alone “data collection.”