Browsing All Posts filed under »Labor Market«

Minimum Wage & Labor Unions

January 15, 2012

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The unemployment rate for teenagers in the US is about 25% currently, according to the Bureau of Labor Statistics, which is more than three times the unemployment rate of all workers, which is currently around 8.5%. I shared this video in my Labor Relations class tonight – it is an interview with the late Milton […]

Robert Reich, Economic Chef

October 24, 2010

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Who knew my Sunday morning coffee with the week’s recordings of The Charlie Rose Show would include culinary genius Robert Reich, former Labor Secretary under Bill Clinton? Reich just published his book “After Shock.” While I typically don’t agree with Reich on policy, he made several excellent arguments and one-liners about economic decisions ahead: The […]

Education Secretary Arne Duncan’s Two Opposing Views on School Vouchers – WSJ.com

April 8, 2009

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Through The Friedman Foundation for Educational Choice, Milton Friedman was an active proponent of the school voucher system. In an interview with Charlie Rose a few years ago, he was asked why he was in favor of providing vouchers to parents for school choice.  He likened the school voucher program to the food stamps program […]

GM CEO resigns at Obama’s behest

March 30, 2009

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Here’s the key aspect to the announcement: The White House confirmed Wagoner [Richard Wagoner, GM CEO] was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason. Why does the Obama administration feel it’s in a better position to make managerial decisions about an individual company than the […]

Danos, Slaughter and Hansen Say Turning Away Skilled Immigrants With H1-B Visas Will Hurt the U.S. Economy – WSJ.com

March 11, 2009

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Free trade not only refers to goods and services, but the free flow of human capital and labor mobility.  With the H1B Visa system currently in place, the United States is disserving itself from attacking it’s current economic glut with the best men (and women) possible and retarding domestically-bred innovation. In their Wall Street Journal […]

Economic Arguments for Abandoning H1B Visas

January 11, 2009

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Recently, the H1B visa issue has received significant media coverage. In the Wall Street Journal, Miriam Jordan wrote about this issue on March 31 and Shikha Dalmia wrote an editorial in Saturday’s edition. As Milton Friedman free-marketeer, I share Bill Gates’ viewpoint (detailed in his testimony last year to the US Congress) that the current […]

H1B Visas & American Innovation

December 15, 2008

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Recently, the H1B visa issue has received significant media coverage. In the Wall Street Journal, Miriam Jordan wrote about this issue on March 31 and Shikha Dalmia wrote an editorial in Saturday’s edition. As Milton Friedman free-marketeer, I share Bill Gates’ viewpoint (detailed in his testimony last year to the US Congress) that the current […]