An Unlikely Stimulus of Efficiency

  from Mark Perry at his blog Carpe Diem, The current state of the US economy explained in one chart: The fact that the US economy is producing 5.6% more output now than in 2007 with 2 million fewer workers would explain why corporate profits are at record...

Who Are the Unemployed?

  At a business meeting we had an economist  share his views of the economy.  One comment he made was that only a minuscule portion of the unemployed were on government assistance.  I found this comment curious and certainly counterintuitive. As it turns it is not so...

Devaluing College Education

from the Wall Street Journal, 4/6/13, Ben Casselman writes Number of the Week: Youth Unemployment at 22.9%? Excerpt: Perhaps no group has been hit harder by the recession and grinding recovery than the young. The official unemployment rate for those under age 25 is...

Criminalizing The Hiring Process

Dan Mitchell writes The Perverse Unintended Consequences of Anti-Discrimination Laws in his blog International Liberty February 23, 2013 Excerpt: And if there are two applicants who otherwise seem to have equal qualifications for a certain job, but one has been out of...

The Benefits Trap

In the Wall Street Journal Richard Vedder writes The Wages of Unemployment, 1/15/13. Excerpts: The sharp rise in food-stamp beneficiaries predated the financial crisis of 2008: From 2000 to 2007, the number of beneficiaries rose from 17.1 million to 26.3 million,...