Tag Archives: jobs

Head in the Sand?

Posted on by
Reply

Volkswagen is building cars in Xinjiang, People’s Republic of China.  You know Xinjiang, the “semi-autonomous” region of the PRC that’s home to tens millions of Muslims and to President Xi Jinping’s “reeducation” camps, Mao-ist internment camps for millions of those Muslims, a people of whom Xi disapproves.

VW thinks all of that is jake.

Speaking with DW on Tuesday, the company said its 2012 decision to open the Urumqi facility was “based purely on economics.” VW says it expects “further economic growth in the region over the coming years.”

Sure. Because economics isn’t just important (such considerations are), it’s all that matters (because principles, apparently, are for academics and parlor small talk).  And: economic growth in the region for whom?  The camp inmates?  Volkswagen?

Never mind the likelihood that Volkswagen’s facility uses forced labor.

We do not assume any of our employees are forced laborers.

Well, alrighty, then. A forced labor force is assumed away, so it doesn’t exist.  It’s all good.

How Terrible Is That?

Posted on by
Reply

Jeremy Corbyn, British Labour Party’s MFWIC, has “accused” British PM Boris Johnson of pushing for US-style deregulation of health care.  The horror.

As the UK election campaigns got underway, Corbyn said his rival wanted to “unleash Thatcherism on steroids” once the country was no longer bound by EU trading treaties and regulations.

Channeling our own Progressive-Democratic Party Presidential candidate and Senator Bernie Sanders (I, VT), Corbyn thinks “capitalism” is a dirty word.

He went further:

Corbyn also said…that Johnson wants to strike a trade deal with US President Donald Trump to sell off parts of the UK’s National Health Service, or make it easier for US pharmaceutical firms and medical companies to sell into the UK healthcare market.

Because all that foul capitalism would lower health costs to British citizens and deprive Government of control over their health choices.

Then Corbyn made plain the breadth of the wicked that the Brits’ way comes:

They want to move us towards a more deregulated American model of how to run the economy.

It’s clear that Corbyn—and his fellow Labourites—think British citizens are just too blind stupid to make their own health decisions; he and his insist those unwashed masses must be led by his Know Betters.  Just like our own Progressive-Democrats.

Boeing and Foolish Questions

Posted on by
Reply

In a Wall Street Journal article on the tortuous path to criminal prosecution that prosecutors would have in bringing Boeing to criminal trial over its 737 MAX crashes, Andrew Tangel, Jacob Gershman, and Andy Pasztor asked what seems to me to be a very narrow, short-sighted question.

Should prosecutors weigh Boeing’s importance to the economy and national security when deciding how to proceed with a criminal case over the 737 MAX crashes?

Of course prosecutors should—must—not. What’s truly important is the concept of weighing the risks to liberty and to national security of criminals being too big to be punished. We can never allow such a thing to enter even the run-up to criminal prosecutions.

If criminal actions can be seriously alleged against Boeing—based on the company’s behaviors—the company must come to trial. Only if found guilty, so there’d be a criminal sanction phase, could Boeing’s importance to our economy and our national security legitimately be considered—and then, not on the magnitude of the penalty(s), which absolutely must fit the crime(s), but only on the penalty(s)’s schedules of application, with interest accruing on any fiscal penalties not paid “promptly.”

The question of criminal trials for various individuals of Boeing’s management (and its aircraft testing function?) is an entirely separate matter.  The company’s importance to anything is wholly irrelevant here; the company can easily survive any number of its managers being locked up in a Federal hoosegow.

Some Economic Data

Posted on by
Reply

From the October jobs report as summarized by The Wall Street Journal.

  • 131,000 new jobs
    • exceeded expectations
    • despite some 42,000 jobs lost to the union strike against General Motors
  • upward revisions of 95,000 jobs in August and September
  • job growth averaged 176,000 in the last three months, more than the 167,000/mo for all of 2019
  • overall labor force participation rate rose to 63.3%, which is rising despite baby boom retirements
  • employment ratio for prime-age workers, age 25 to 54, rose to 80.3%, highest since January 2007—since before the Panic of 2008
  • jobless rate for African-Americans fell again to 5.4%
    • new low since records have been kept
    • third successive month at 5.5% or lower so it’s not a statistical anomaly
  • labor participation rate for Hispanic-Americans reached 67.3%, best since September 2010
  • rise in average hourly earnings averaged 3% over last year
  • index of weekly payrolls rose more than 4% over last year, faster still for production and nonsupervisory workers

House Speaker Nancy Pelosi (D, CA), though, says these positive data

offer[] further evidence that the Republicans’ disastrous special interest agenda is hollowing out the middle class while enriching the wealthy and well-connected.

Do we really need someone so disconnected from reality in the people’s House?

Or is it that her impeachment hysteria is clouding her ability to interpret simple economic data?  In which case: do we really need someone whose judgment is so easily confused in the people’s House?

A Teachers Union Struck Chicago

Posted on by
Reply

The Chicago Teachers Union struck Chicago (closing out the children of the city from 11 days of education; although, that may have been a net benefit for the kids, given the lack of education the city’s public education institution provides), and it got everything it demanded.

  • A new joint class size council will be created to address overcrowding. The council will get weekly updated data and will have $35 million per year to address situations on a case-by-case basis
  • The contract will run for 5 years, giving the board time to implement some of the massive changes in staff
  • Pay raises: 3.0% for the 2019-20, 2020-21, and 2021-22 school years; 3.5% for the 2022-23 and 2023-24 school year
  • Freezes health insurance premiums through 2022
  • A net zero increase in the amount of Board-authorized charter schools over the contract’s lifespan
  • The Joint Teacher Evaluation Committee—made of five union members and five Board members—will provide annual recommendations to the chief talent officer and CTU president on how to improve teacher evaluations. Student growth scores will make up 30% of an evaluation’s summative rating
  • Hundreds more union positions: librarians, social workers, and psychologists.

More money, more union jobs (more dues money), less cost, and especially less competition from those embarrassingly successful charter schools.

Rik Moran thinks Chicago mayor Lori Lightfoot abjectly surrendered to the union.  I think she’s in cahoots with it.  The 11-day strike just provided a fresh layer of snow to cover that Chicago dirt.