Economics links
Constructing estimates of world GDP over the last million years.
The occurrence of economic “singularities” and predicting another one around the middle of this century. The author’s suggested next singularity I find deeply implausible in both type and alleged effects; it is far more likely to come from another breakthrough in the manipulation of matter and energy - nanotech or biotech or both.
Queer friendly and growth-friendly seem to be marching together.
A man who has made his living from intellectual property for 40 years argues strongly against gene patents.
Houston has no boom-and-bust housing cycles. Houston has no zoning. These two facts are related. More.
The price of petrol goes up and Americans drive less. Go figure. More. Meanwhile, Congress continues to lock away US oil reserves while wanting … America says to foreign producers: We prefer not to pump our oil, so please pump more of yours, thereby lowering its value, for our benefit. Let it not be said that America has no energy policy. On the economics of the oil market. American oil companies: only compete directly for 7 percent of the world's available reserves while about 75 percent is completely controlled by national oil companies and is not accessible. An example of the politics of oil.
Increasing US minimum wages are seriously reducing the jobs available over the summer: According to economist David Neumark of the University of California at Irvine, for every 10 percent increase in the minimum wage, employment for high school dropouts and young black adults and teenagers falls by 8.5 percent. In the past 11 months alone, the United States’ minimum wage has increased by more than twice that amount. More. Of course, much of the point of mandating higher wages is to exclude competition: At a 1957 hearing on increasing the minimum wage, a northern U.S. Senator who favored the increase stated: “Of course, having on the market a rather large source of cheap labor depresses wages outside of that group, too-the wages of the white worker who has to compete. And when an employer can substitute a colored worker at a lower wage-and there are, as you pointed out, these hundreds of thousands looking for decent work-it affects the whole wage structure of an area, doesn’t it?” (Four years later, that Senator was President.) The 1965 Stockman’s Case in Oz stopped Aboriginals working part-time competing with white pastoral workers working full-time. Having alleged moral imperatives (in the latter case “equality before the law”) as cover is very helpful.
The occurrence of economic “singularities” and predicting another one around the middle of this century. The author’s suggested next singularity I find deeply implausible in both type and alleged effects; it is far more likely to come from another breakthrough in the manipulation of matter and energy - nanotech or biotech or both.
Queer friendly and growth-friendly seem to be marching together.
A man who has made his living from intellectual property for 40 years argues strongly against gene patents.
Houston has no boom-and-bust housing cycles. Houston has no zoning. These two facts are related. More.
The price of petrol goes up and Americans drive less. Go figure. More. Meanwhile, Congress continues to lock away US oil reserves while wanting … America says to foreign producers: We prefer not to pump our oil, so please pump more of yours, thereby lowering its value, for our benefit. Let it not be said that America has no energy policy. On the economics of the oil market. American oil companies: only compete directly for 7 percent of the world's available reserves while about 75 percent is completely controlled by national oil companies and is not accessible. An example of the politics of oil.
Increasing US minimum wages are seriously reducing the jobs available over the summer: According to economist David Neumark of the University of California at Irvine, for every 10 percent increase in the minimum wage, employment for high school dropouts and young black adults and teenagers falls by 8.5 percent. In the past 11 months alone, the United States’ minimum wage has increased by more than twice that amount. More. Of course, much of the point of mandating higher wages is to exclude competition: At a 1957 hearing on increasing the minimum wage, a northern U.S. Senator who favored the increase stated: “Of course, having on the market a rather large source of cheap labor depresses wages outside of that group, too-the wages of the white worker who has to compete. And when an employer can substitute a colored worker at a lower wage-and there are, as you pointed out, these hundreds of thousands looking for decent work-it affects the whole wage structure of an area, doesn’t it?” (Four years later, that Senator was President.) The 1965 Stockman’s Case in Oz stopped Aboriginals working part-time competing with white pastoral workers working full-time. Having alleged moral imperatives (in the latter case “equality before the law”) as cover is very helpful.