Labor

Dear Bernie, as you continue in your never-ending "Fight for $15", we thought you might benefit from a simple example of how economics work in a real life, functioning, capitalistic society.  You see, Bernie, labor, much like your daily serving of crunchy granola, is just another "good" that businesses can choose to consume more or less of, depending on price.  And, just to be crystal clear, when the price of labor (i.e.

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

It's your choice, America--you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable.

Via The Daily Bell

 

Trump's crackdown on Obamacare is accelerating.

Just over 7 hours after his inauguration, late on Friday, the president signed an executive order concerning the 2010 healthcare law, telling reporters the action was meant "to ease the burden of Obamacare as we transition from repeal and replace" and urging U.S. agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions deemed to impose fiscal burdens on states, companies or individuals.

Some observations on recent negative trends in productivity, employment mismatch, and labor training and education from the increasingly more bearish David Rosenberg, who notes that the Trump's proposed policies may end up helping growth on the margins, but fail to focus on what is really important, making tens of millions of US workers competitive and qualified for today's jobs market.

From Breakast with Rosie, via Gluskin Sheff