Baumol’s cost disease
17 Oct 2016 Leave a comment
in applied price theory, labour economics, labour supply Tags: Baumol's disease
Glenn Loury and David Neumark on the minimum wage – Bloggingheads.tv
15 Oct 2016 Leave a comment
in labour economics, minimum wage Tags: David Neumark
What economists know about the minimum wage 6:57
Is Paul Krugman dead wrong about the minimum wage? 3:32
Measuring the disemployment effect 6:43
David’s critique of a famous pro–minimum wage study 12:50
Do workers earn what they’re worth? 6:47
David: Target aid to low-income families, not low-wage workers 7:56
Fact checking @leerhiannon on John Howard and @PaulineHansonOz
15 Oct 2016 Leave a comment
in discrimination, politics - Australia
Leading up to the 1996 election, Hanson advocated the abolition of special government assistance for Aborigines, and she was disendorsed by the Liberal Party. Ballot papers had already been printed listing Hanson as the Liberal candidate, and the Australian Electoral Commission had closed nominations for the seat.
Hanson was still listed as the Liberal candidate when votes were cast, even though Liberal leader John Howard had declared she would not be allowed to sit with the Liberals if elected.
On election night, Hanson took a large lead on the first count and picked up enough Democrat preferences to defeat Scott on the sixth count. She won 54 percent of the two-candidate preferred vote. Had she still been running as a Liberal, the 19.3 percent swing would have been the largest two-party swing of the election. Hanson won the safest Labour Party seat in Queensland.
A.J.P. Taylor said something similar
15 Oct 2016 Leave a comment
in economic history, international economic law, international economics, labour economics, labour supply Tags: age of empires, age of migration, economics of immigration, George Orwell, great migrations
.@JudithCollinsMP showed that @JacindaArdern does not know when to stop digging
13 Oct 2016 Leave a comment
in economics of crime, law and economics, politics - New Zealand, poverty and inequality, welfare reform Tags: crime and punishment, family poverty, law and order, New Zealand Labour Party
Judith Collins today in Question Time showed that Jacinda Ardern does not know when to stop digging. Ardern quoted a snippet of the question put to the police minister at the recent police conference.
That selectivity allowed Collins to right to quote the conference question in full and her full answer, which was not just about money poverty but also about
“… a poverty of ideas, a poverty of parental responsibility, a poverty of love, a poverty of caring …”.
Later Collins said she does not agree with Labour saying today that poverty causes crime.
The Labour Party showed that it is no longer rooted in working class values when it argues that poverty is not linked to a poverty of responsibility and of parental love.
There are plenty of poor people who do not resort to crime and who despise those that do, in part because they often make them the victims of their crimes including burglary.
The rise of a working rich in Australia
12 Oct 2016 Leave a comment
in economic history, human capital, industrial organisation, labour economics, labour supply, politics - Australia, poverty and inequality, survivor principle Tags: superstar wages, superstars, top 1%, top incomes
Source: The World Wealth and Income Database.
Average duration of US, Canadian and Australian unemployment since 1968
12 Oct 2016 Leave a comment
in business cycles, job search and matching, labour economics, macroeconomics, unemployment Tags: Australia, Canada, long-term unemployment, social insurance, unemployment duration
Firing Line – Thomas Sowell w/ William F. Buckley Jr. (1981)
11 Oct 2016 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, labour economics Tags: racial discrimination, Thomas Sowell
#homeslessnessinquiry champions contracting-out @NZLabour @NZGreens @Maori_Party
10 Oct 2016 Leave a comment
in economics of bureaucracy, politics - New Zealand, poverty and inequality Tags: homelessness
Did they swallow a dead rat! After complaining bitterly about the privatisation of social housing and the contracting out of government services and in particular social services generally, the New Zealand Labour Party, the New Zealand Greens and the Maori Party all accepted that part of the solution to better emergency housing services to the homelessness is to fund community housing providers to build them houses. A greater role for the private sector, be it the NGO sector, in solving pressing social problems.
Source: Cross-party enquiry into homelessness.
It is pious to say that NGOs should build new social housing but existing social housing should not be sold to them to administer better than the bureaucrats.
The private sector has always been the last line of the defence for the social safety net for the homeless. Hotels and motels are used for emergency housing. There are plenty of them and it takes very little time to book into one as long as WINZ sends along the documentation to guarantee payment.
The report of Labour, the Greens and the Maori Party included reference to the Kate Amore data on homelessness which comfirms its credibility. That data shows that homelessness has fallen significantly in NZ since 2001 and 2006.
Homelessness is a by-product of bureaucratic inefficiency. So few people are actually sleeping rough or in shelters on any one night that is really an issue of why are those people are not in a shelter or permanent social housing.
The problem of homelessness is the efficiency of the bureaucracy in identifying these people, putting them in temporary quarters be at a hotel or motel if necessary, and then moving them into social housing.
No one is surprised at a homelessness shelter is run by a church or charity all with the assistance of government funding. No one seriously expects bureaucrats to be any good at running homeless shelters or the hotels or motels where the homeless are occasionally booked in.
Lazy Australian top 0.1% only increased their income under @AustralianLabour
09 Oct 2016 Leave a comment
in economic history, industrial organisation, politics - Australia, poverty and inequality, survivor principle Tags: antimarket bias, entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Australia’s top income earners are a lazy lot. The top 0.1% only ever had a rising income share under a Labor government in the 1980s. Even the top 1% had a pretty lean time until the 1990s.
Source: The World Wealth and Income Database.
Utopia, you are standing in it! 
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