What is the logic here? If businesses want to keep foreign students in the USA let them do it. (They of course can and do, often.) The company can help the prospective employee get a visa and voila, new employee with engineering skills. But why on Earth is the federal government putting American born engineering grads at a disadvantage to students from overseas?
We are very much for immigration generally. We think new brains which add to this country are a good thing.
I was recently going through the checkout line and I overheard the cashier talking to the bagger. “Man, if I could just get paid for doing nothin’. That’d be sweet.”
I looked right at the cashier who was all of 18 or so and I said that I disagreed. A really sweet job was one which provided a living while one did meaningful and enriching work. Doing nothing is boring.
Both the cashier and the bagger agreed that meaningful work was better than doing nothing.
Each sovereign reservation will have the choice whether to legalize or not. But this is progress I’d say.
My feeling is that if Native Americans can make some money off of liberalizing paternalistic laws, gambling, pot, I say good for them.
The good news is the market seems to be shrugging off the relatively bad news. The assumption is that the Federal Reserve is unlikely to raise rates before the end of the year in light of the jobs report. The central bank won’t raise rates because it can’t, though it wants to. (Most people think anyway. Some think the Fed has no intention at all of raising rates anytime soon. They are the small minority though.) As such Wall Street gets to continue enjoying 0% rates.
Peggy Noonan writes in the Wall Street Journal of a fundamental disconnect between what she refers to as “elites” (I despise this term, many, if not most people in power I have met are not what I would call “elite.”) and their indifference to the pressures which come from massive immigration. She makes an important point. A giant increase in immigration flows isn’t going to really impact the circle Angela Merkle runs in, except that perhaps the people in this circle will be able to pay their gardeners even less.
In most situations occupational licensing is just a scam. If you want to be a brain surgeon, or even a pilot, then OK I am not going to get bent out of shape over you having to get a license. But a hair dresser? That’s very different.
We are pretty much obliged to run this one. Of course it has popped. It’s been deflating for months. Really longer than that though the Shanghai Stock Exchange didn’t reflect it for a while. And it’s not like the Chinese pop is over, it’s got plenty more to go. Lots of “fun” is still ahead of us.
People who care about the world economy and world politics should look closely at China. It is a classic case of “
And as reported in the below article many of these very powerful and monied groups lobby on issues which are of little importance from a business perspective to their members.
When Greenpeace workers are striking because of unfair labor conditions you know something is out of wack. Either the workers are completely unreasonable and entitled or the environmental organization really is pretty bad. It sounds like it’s mostly the former.
As we’ve argued many times before, arbitrarily raising the minimum wage, particularly to a level which is far above the real wage rate is an idiotic move. It creates unemployment for low wage earners, and in many cases for the people who formerly employed low wage earners. A “living wage” sounds nice. It sells to economically unsophisticated people. But a job doesn’t suddenly become “worth” more just because the government declares that it is. One can not revoke gravity. Likewise one can not revoke supply and demand.
And guess what? The likely winner (according to this article) writes a lot of checks to politicians in Washington DC.
The goal here is big data. Managing population health – not your health necessarily. And people are going to make big bucks (taxpayer bucks) in the process.
Wifi connection and you are in business.
I wonder if it has anything to do with high taxes, over regulation, or the highly crony governments in at least a good number of these cities. Add in crime, and traffic, and of course people want to get out of Dodge, or Chicago anyway.
Many of today’s office workers should be telecommuting most of the time. It just makes sense. Why sit in a cube in a building when one can do the same job,
This is pretty interesting. What do people actually do for a living? Where are these jobs? Why aren’t we all telecommuting at this point? (Seriously, if you work in a standard white collar office this is a legit question.)
This map represents each job in the USA (according to the 2010 census) with a dot, at the job location.
Think about how “friendly” Paris is. Then consider how “friendly” Paris taxi drivers are. Then consider how “friendly” said taxi drivers are likely to be to someone they see as taking their job.
Sometimes cronies wear pinstripes and sometimes they drive a Peugeot.