Sapere Aude
Tag: economics
turns out raising the minimum wage isn’t the panacea you’ve been promised:
The numbers of hours worked by low-wage workers fell by 3.5m hours per quarter. This was reflected both in 1000s of job losses and reductions in hours worked by those who retained their jobs. this reduced income paid to low-wage employees of single-location Seattle businesses by $120m on an annual basis.” On average, low-wage workers lost $125 per month.
Major assets holders that have routinely backed management recommendations against climate-risk resolutions are jumping ship. In the Occidental vote, the world’s largest asset manager, BlackRock, for the first time bucked management to vote in favor of a climate-risk resolution.
why we can’t have nice things, or why education / health care / housing / public transit costs several times more than it did 40 years ago (inflation adjusted)
china is now producing videos like these to explain the benefits of free trade to people who might be confused.
Americans are shifting their spending from materialism to meals out with friends.
this is great, experiences >>>> possessions.
The Chinese government have set up a special economic zone for medical tourism. Hainan Boao Lecheng international medical tourism pilot zone, the first of its kind in the country, was approved by the State Council in 2013. It enjoys 9 preferential policies, including special permission for medical talent, technology, devices and drugs, and an allowance for entrance of foreign capital and international communications. The pilot zone also has permission to carry out leading-edge medical technology research, such as stem cell clinical research.
the real impact of immigration is not on wages or electoral outcomes, but it is the assimilation burdens placed on some of the longer-standing traditional natives of the home country
So, bottom line: compared to most times and places, the US has been especially complacent lately in many areas, for many specific reasons but for no identifiable general reason, except maybe in part for peace, wealth, and Tocquevillian satisfaction (whatever that is). But these changes will soon revert, because “cycles.”
the surplus ones ought to close:
A recent review of the 205 accredited law schools, by the nonprofit Law School Transparency, found that 51, including Charlotte Law, were in the “extreme risk” or “very high risk” category for graduate success. Still, the A.B.A. has been reluctant to clamp down on schools
Large American cities might be undersized by 33%. And we may have 2x as many cities as we need.
Gregor J. Rothfuss 