Labor

Slowly but surely it is becoming increasingly clear to public workers in states with massively underfunded pensions that they've been lied to for the past several decades as their states can't possibly afford to pay for the retirement they've all been promised.  As a local radio station in Bowling Green points out today, fears over potential pension changes in Kentucky have resulted in a surge of early retirements as workers move to lock in payouts before any potential cuts go into effect.

Authored by Paul Craig Roberts,

Today is Labor Day, a difficult day to celebrate now that American labor has been cast aside and US jobs offshored and given to foreigners.

The remainder of the jobs is slated to be replaced by robotics.

Authored by Gary Galles via Mises Canada,

Labor Day is supposed to honor all American workers. And every year, union Labor Day rhetoric does just that. Unfortunately, it then makes the false leap to the claim that unions advance the interests of all American working men and women, not just their members.

Authored by David Stockman via Daily Reckoning blog,

Someone should remind the Donald that he actually is President and that it’s high time he accomplished something. Anything.

Back on April 21st, for example, he promised that a core feature of his platform — a sweeping, pro-jobs tax reduction — would be soon unveiled.

Authored by Mike Shedlock via MishTalk.com,

The threat of total abandonment of NAFTA took on a second front this weekend as Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labor standards.

Please consider Sharp Differences Over Labor Surface at NAFTA Talks in Mexico.