Category Archives: Labor

‘Labor Shortages’: Business Leaders Are Bitching, Workers Are Celebrating

Business, Economy, Labor, Outsourcing

Workers are happier than they’ve been for a long time.

“For the first time since data began to be collected in 2000, there are more job openings than there are unemployed workers.” By the Economist’s telling, “Fully 5.8m more Americans are in work than in December of 2015.”

Workers may be happy, but not businesses.

Big and small, business is nattering about labor shortages.  “Ninety percent of small businesses who are hiring or trying to hire workers report that there are few or no qualified applicants, according to the National Federation of Independent Business.”

Excerpted from, “Worker shortages could heal America’s economy: Why a scarcity of labor is probably something to celebrate”:

The shortage is reaching a “critical point”, read one recent CNBC headline. A lack of applicants for blue-collar jobs such as trucking and construction has received particular scrutiny, as have states like Iowa where the unemployment rate is especially low (it is just 2.7% in the Hawkeye state).
But portraying widespread labour shortages as an economic problem is misguided. While they may be bad for firms, they are a boon for society—so long as inflation remains contained. In fact, a labour market in which firms must compete for workers, rather than workers competing for jobs should help resolve three of America’s biggest economic problems.

* Inadequate wage growth.

* “Faster productivity growth, which has been disappointing in America—and in other rich countries—since the financial crisis. If less profitable firms have to fold because they cannot pay enough to attract workers, their labour and capital can be put to better use.”

* Wage gains accrued “to the poorest workers. Full-time employees at the 10th percentile of the income distribution are earning almost 4% more than a year ago.”

TRUMP Trade Tactics Are About WINNING Negotiations

Canada, Free Markets, Labor, Taxation, Trade

I love Canada, am a Canadian (and American) citizen, have Canadian loved-ones. I don’t want to see Canadians hurt.

It’s true, however, that, in the artificial universe of trade agreements, previous US leaders have shown they don’t care about US workers. Trump’s the opposite. He’s using American power to muscle deals he believes are beneficial to American workers.

Canada taxes purchases of American goods starting at $20, whereas America starts taxing Canadian goods at $1000. Trump has said he’s love for trade to be entirely and mutually without tariffs:

“No tariffs, no barriers. That’s the way it should be. And no subsidies. I even said, ‘no tariffs’,” the US president said, describing his meetings with fellow Group of Seven leaders as positive “on the need to have fair and reciprocal trade”. “The United States has been taken advantage of for decades and decades,” he continued, describing America as a “piggy bank that everyone keeps robbing.”

But since that’s not going to happen …

“Canada is going to have to make some concessions,” says Laura Dawson, head of the Canada Institute at the Woodrow Wilson Centre in Washington, DC. Among them might be raising the threshold at which Canada taxes purchases of American goods from C$20 to around C$1,000, the American level. Canada might consent to more onerous conditions for a vehicle to be imported duty-free within NAFTA, including on wages and the amount of North American content.

And of course, the American market is enormous. Trump knows it. Leaders before him no doubt knew the power of American markets but refused to use it:

Canada gamely argues that the United States would also be hurt in a trade war. Canada is the biggest destination for exports from 36 of the 50 American states. Bilateral trade in goods and services is immense: $674bn in 2017. It is also, despite what Mr Trump says, balanced. In 2017 the United States had a small surplus with Canada, of $8.4bn. Yet Mr Trudeau’s bargaining position is weak. “We absolutely need them, but they could live without us,” says Philip Cross, an economist.

BESIDES,

Canada’s system of supply management, which sets limits on the production of dairy, poultry and eggs, has long irritated the United States (and should anger Canadians, who pay more for food than they need to). Canada subjects imports of those products beyond a ceiling to punishing tariffs (298% in the case of butter). Mr Trump has been angry about this since he met dairy farmers from Wisconsin in April 2017.

The article is “Canada: Breaking a few eggs: The economy is already feeling the effects of Donald Trump’s trade war,” courtesy of The Economist.

UPDATED (6/6/018): Guaranteed Taxpayer-Financed Income For EVERY Americans: If Degenerate Dems Take Over, Economy Will Tank

Debt, Democrats, Economy, Free Markets, Government, Labor, The State

When Democrats are not plotting on giving houses to the homeless, paying drug addicts to shoot up, and inviting the world to immigrate to the US—they’re scheming on the ultimate decadent, immoral and unworkable government plan: “guaranteeing every American a taxpayer-financed job”:

Senator Bernie Sanders recently promised to introduce a bill guaranteeing every American a taxpayer-financed job, should they want it. His colleague, Senator Cory Booker, has already written a bill which would test such a policy in 15 places with high joblessness. Senators Kamala Harris, Elizabeth Warren and Kirsten Gillibrand, three other potential presidential contenders, are co-sponsors. Ms Gillibrand will reportedly soon pen her own plan, too.

In addition to the cost of the program, the giveaway will expand the government payroll by 50 percent. Presumably to administer.

“In April 2018, about 127.34m people were employed on a full-time basis” in the US. (The Statistics Portal)

The Economist’s says America has 148m workers.

Of this, “Government at all levels employs 22.3m Americans.”

This, of course, is not free-market capitalism.

MORE: “Make work can’t work: A jobs guarantee is a flawed idea.”

UPDATE (6/6/018):

How Are So-Called Right-Wing Feminists Different From The Left Variety? Not Much …

Affirmative Action, Feminism, Gender, Labor, Sex, Technology

So-called right-wing feminists such as Christina Sommers still don’t admit or grasp that, in aggregate, women have different aptitudes to men. Leveling the playing field (an impossibility, unless force is used) to them is just about choosing a different major.

For a more realistic survey of what women do in engineering and how they fare, read my “James Damore V. Google: Man Against Multinational & Matriarchy”:

Despite active recruiting and ample affirmative action, women made up only 14.5 percent and 12.5 percent, respectively, of computer science and electrical engineering graduates, in 2015. While they comprise 21.4 percent of undergraduates enrolled in engineering, females earned only 19.9 percent of all Bachelor’s degrees awarded by an engineering program in 2015.”

There is attrition!

Overall, and in the same year, 80.1 percent of Bachelor’s degrees in engineering went to men; 19.9 percent to women. (“Engineering by the Numbers,” By Brian L. Yoder, Ph.D.)