The nation is better off when it has an army of imported low-wage service workers aiding upper-income urban professionals, says Associated Press economics writer Paul Wiseman, who lives in the Washington D.C. area.
Tony Blair has claimed Friday that Brexit is already damaging Britain’s economy by hitting productivity – hours before new data revealed productivity growth has, in fact, hit a six-year high.
Majority Leader Sen. Mitch McConnell has endorsed the Raise Act, which would raise Americans’ wages by halving annual immigration into the United States.
The education industry wants the federal government to amnesty and fund millions of potential customers who were formerly eligible for the DACA amnesty program — but it also admits that only 10 percent of the young illegal immigrants sign up for college.
Tesla’s Stock crashed on Monday, a day after Elon Musk tweeted that Tesla’s Model 3 had passed all regulatory requirements and initial units would begin rolling off the assembly line on July 7.
Although Tesla claims to be the world’s leader in “lean manufacturing,” the company’s productivity per worker is only one-seventh as good as the rest of the industry.
Sen. David Perdue is shoving the nation’s immigration debate in a radical new direction — he is trying to boost the economy by raising Americans’ average productivity, not by crudely raising the number of immigrant workers and consumers.
U.S. labor productivity has been stagnating over the last few years and is expected to decline this year for the first time in three decades, according to the Dallas Federal Reserve, and some employers are blaming the stalled productivity on millennials playing on their smartphones.
In fact, one of the worst things about politicized economics is the false promise that politicians know what the ideal economy looks like, never mind having solid plans for getting there. Is the ideal economy one in which everyone’s basic needs are covered? Welcome to the endless grey fog of the collectivist welfare or communist state, which always proves unsustainable and fails to deliver on those promises anyway.
Amazon views its work environments as a tough response to slack conditions elsewhere in the labor force, encouraging excellence and superior effort from its workers by setting standards it proudly describes as “unreasonably high.” Many horrified readers thought the NYT article described brutally exploitative conditions covered by corporate happy-talk about achievement.
