Category Archives: Unemployment

The City of Man

I am sitting in the San Antonio airport, waiting for my flight back home, reflecting on an excellent Values and Capitalism retreat here and–the subject of this blog–my walk yesterday.  My goal was to walk to a bookstore about two miles from my downtown hotel.  I had mapped it out using Googlemaps and set out for what I thought would be about a 20 minute trip one way.  37 minutes later I realized I had gone too far and had… Continue Reading ››

Free Trade: Trump, Clinton, Obama, and Ryan. Who is Right?

I hate to beat a dead horse, but the issue of trade keeps coming up in the news, whether from Donald Trump and the Trumpists or from Paul Ryan or from Hillary Clinton and Barack Obama, all claiming to have the right position on trade and the place of the United States in the global economic world.  Let’s sort through this mess first to find out who stands for what, if anything. Trump is a protectionist, that is pretty clear. … Continue Reading ››

Minimum Wage, Minimum Work, Minimum Dignity

California, predictably, has passed a $15/hour minimum wage.  New York is likely to. A few cities have done it already.  Bernie Sanders wants a Federal wage of $15, while Hillary Clinton wants a $12 wage.  And so the issue is once again on the table, at a time when wages are stagnant and unemployment is tepid.  In fact that is why the issue has become so important again to its advocates.  It looks like the high minimum wage is being… Continue Reading ››

Trump, Sanders and Unemployment

This morning the Bureau of Labor Statistics released its monthly Employment Situation Summary. The unemployment rate remained at 4.9%. I was reading MoneyBeat blog at the Wall Street Journal. The following quote (posted at 8:45 AM) caught my attention. U-6 includes everybody, and that rate is at 9.7%. That is a high number for a purported recovery that is nearly six years old. You want to know why Bernie Sanders and Donald Trump are getting as much traction as they are?… Continue Reading ››