Recently Alex raised some doubts, to say the least, about the Card-Krueger view of minimum wage hikes. Well, it turns out there is more, and a new consensus is on the verge of forming. Here are David Berger, Kyle Herkenhoff, and Simon Mongey, from a new Econometrica piece: Many argue that minimum wages can prevent efficiency […]
Minimum Wages, Efficiency, and Welfare
Minimum Wages, Efficiency, and Welfare
17 Feb 2025 Leave a comment
in applied price theory, applied welfare economics, econometerics, labour economics, labour supply, minimum wage
Guest Post: NEW ZEALAND’s RETIREMENT PENSION
17 Feb 2025 Leave a comment
in budget deficits, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, public economics, welfare reform Tags: ageing society
A guest post by Sir Roger Douglas: Michael Littlewood’s ‘Guest Post’ for David Farrar on pensions, and his belief that our social welfare system is fit for purpose and doesn’t need change, reminded me of why New Zealand is currently well on the way to bankruptcy, and why our brightest young people are leaving the […]
Guest Post: NEW ZEALAND’s RETIREMENT PENSION
“Break Some Sh*t”: Democrats Find Relief from Sanity and Reality in Profanity and Hyperbole
16 Feb 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Teddy Roosevelt once said, “profanity is the parlance of the fool.” Democrats appear to be increasingly finding relief from both reality and sanity in profanity. Democratic members have been complaining that left-wing groups have been targeting them to be more aggressive and “fight harder” in the face of the fast-paced actions of President Donald Trump. […]
“Break Some Sh*t”: Democrats Find Relief from Sanity and Reality in Profanity and Hyperbole
EPA’s infamous 2009 “endangerment finding” re. so-called greenhouse gases to be reviewed
16 Feb 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, Public Choice Tags: climate alarmism
By order of POTUS the ridiculous ‘finding’ that the vital trace gas carbon dioxide is some sort of hazard to humanity is about to be reviewed. It may well struggle for survival. – – – Source: Climate fact check January 2025. CFACT says: We will close out this month by noting that President Trump has […]
EPA’s infamous 2009 “endangerment finding” re. so-called greenhouse gases to be reviewed
RODNEY HIDE: Schooling Through a Te Ao Maori Lens
16 Feb 2025 Leave a comment
in discrimination, economics of education, liberalism, Marxist economics, politics - New Zealand Tags: age of empires, Age of Enlightenment, conjecture and refutation, economics of colonialism, free speech, political correctness, racial discrimination, regressive left
Last week my 13-year-old at Wakatipu High studied in English “An introduction to culture and identity in literature”. The class guide was as follows: Below are some links to helpful clips that may be useful for understanding ‘The Why’ when it comes to teaching and learning about all things culture and identity through a Te…
RODNEY HIDE: Schooling Through a Te Ao Maori Lens
Another Great Escape
16 Feb 2025 Leave a comment
in development economics, economic history, health economics Tags: The Great Escape
Apparent independent and multiple evolution of binary sex
15 Feb 2025 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
My friend Phil Ward at UC Davis found this reference and called it to my attention. It’s from the Philosophical Transactions of the Royal Society (B), and access is free (click on title below). The pdf with the numbered references is here. The paper is about how the evolution of two different types of gametes […]
Apparent independent and multiple evolution of binary sex
No War, No Peace – Trotsky’s Gamble I THE GREAT WAR Week 186
15 Feb 2025 Leave a comment
in defence economics, Marxist economics, war and peace Tags: Russian revolution, World War I
How employers respond to minimum wage increases
15 Feb 2025 Leave a comment
in applied price theory, labour economics, labour supply, minimum wage, unemployment Tags: offsetting behavior, unintended consequences
In yesterday’s post, I made reference to this 2021 article by Jeffrey Clemens (University of California at San Diego), published in the Journal of Economic Perspectives (open access). Clemens puts forward an interesting perspective on the debate about the observed employment impacts of the minimum wage (or lack thereof):…I contend that controversies over the economics of minimum wages…
How employers respond to minimum wage increases
New Study: Today’s Climate Models ‘Do Not Agree With Reality’ And Thus Their Usefulness Is ‘Doubtful’
15 Feb 2025 Leave a comment
in econometerics, economic history, economics of climate change, energy economics, environmental economics, environmentalism, global warming
Because the current state-of-the-art general circulation models (GCMs) cannot simulate the trends and variances in global precipitation over the last 84 years (1940-2023), their usefulness should be reconsidered. Hydrological processes – ocean circulation, water vapor, clouds – are key components of climate, easily overshadowing the impact of anthropogenic CO2 emissions by a factor of 2,100…
New Study: Today’s Climate Models ‘Do Not Agree With Reality’ And Thus Their Usefulness Is ‘Doubtful’
A group letter to the presidents of three evolution/ecology societies objecting to their characterization of sex as a spectrum in humans and all other species
14 Feb 2025 1 Comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: Age of Enlightenment, conjecture and refutation, free speech, gender gap, philosophy of science, political correctness, regressive left, sex discrimination
As I reported recently, the Presidents of three organismal-biology societies, the Society for the Study of Evolution (SSE), the American Society of Naturalists (ASN) and the Society of Systematic Biologists (SSB) sent a declaration addressed to President Trump and all the members of Congress. Implicitly claiming that its sentiments were endorsed by the 3500 members […]
A group letter to the presidents of three evolution/ecology societies objecting to their characterization of sex as a spectrum in humans and all other species
Future unemployment will be (mostly) voluntary unemployment
14 Feb 2025 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, politics - Australia, unemployment
A shortage of electricians means that those willing to endure long shifts and live on remote sites can potentially earn up to A$200,000 (US$124,000) a year — double the national average salary and not far off the average MP salary. “It’s a cup half full/half empty life. You do 12-hour shifts, there’s the heat, the […]
Future unemployment will be (mostly) voluntary unemployment
Utopia, you are standing in it! 
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