The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
Posted in Employment on Mar 3rd, 2008
As the primary campaign hits manufacturing ravaged Ohio (at least in employment terms), it might be useful to consider that China is losing more manufacturing jobs than the United States. I think that message is worth repeating. Between 1995 and 2002, China “lost” 15 million manufacturing jobs while America “lost” 2 million. I’d like to […]
Posted in Education, Employment on Feb 29th, 2008
More fun facts from the Digest of Education Statistics. In 2005, for all higher education institutions, of the 3.38 million employees, less than 39% were instructional or research faculty members.
Posted in Employment, Price Controls on Jul 3rd, 2007
Last year, the Summer Youth Employment Program (SYEP) in New York City had to turn away nearly 30,000 applications for summer jobs, mostly black and Latino kids.
Why? The Wall Street Journal Reports:
“The higher state minimum wage that went into effect in 2005,” writes author David Jason Fischer, “added to the challenge of funding SYEP by […]
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