Labor

While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday - no matter what; for many years now, the American healthcare system has been flawed.

As Statista's Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and private spending) is higher than it is anywhere else in the world, and yet, the country lags behind other nations in several aspects such as life expectancy and health insurance coverage.

The Trump administration faces a major legislative test today with the health-care vote, and for those attempting to trade the event, Bloomberg's Cameron Crise notes that risk-takers need to ask themselves two questions...

1) Do I have an edge?

At this point the vote is too close to call. Unless you have someone in DC counting votes alongside the whip, the honest answer is almost certainly “no”

2) Does this vote matter?

Authored by Ryan McMaken via The Mises Institute,

As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration. 

Via The Daily Bell

What is the point of law? Is it to settle disputes that arise between two individuals; the way common law was born? Or perhaps law is meant to spur debate on the use of the oxford comma, like a high stakes schoolhouse lesson on grammar.

The whole situation is silly from the beginning. You have to peel back layers of ridiculousness before you can even get at the issue: that truckers just won millions of dollars in overtime from their employer because the state law did not insert an oxford comma into their overtime rule.

Over the past several months, we've highlighted a number of economic studies analyzing the potential negative impact, in terms of job losses, that may be expected to result from the state-mandated minimum wage hikes that are currently being implemented around the country.