Startups today are almost half the size than they were a decade ago. It seems that a lot of the collaborative tools that have emerged over the last year help productivity so you can do more work with less employees. And I don’t think its just true for startups, I know at work we’re doing […]
Russ Roberts has good advice for anyone who wants to earn a decent living. You want negotiating power? Get educated. Get a skill. What keeps wages up in a world of 7% unionization in the private sector is that I have alternatives. So stay in school and study something serious that has value alongside
This is a good piece that uses the BP Oil Spill and the Net Neutrality debate to illustrate what "Regulatory Capture" means. It's a term I've heard before but this served to clarify it quite a bit. The [so-called] liberals’ fury at the President is almost as astounding as their outrage over the discovery that
Sometimes when you have a hammer, everything looks like a nail. Thomas Dichter has a critique of the overhype of microcredit. Picked up via BoingBoing and Futurismic. Yet microcredit is an almost perfect case of a phenomenon that has come to characterize much of development assistance – a widening gap between reality and propaganda. For
One of my favorit bloggers from Cafe Hayek is having a “back-and-forth on inequality” at the Wall Street Journal Econoblog. Is the “growing” inqueality really a problem or threat to our society. I’m not convinced, and I think its usually misused as an umbrella for other societal problems (ie inequality of opportunity, which is different).
Cafe Hayek rightly takes an AP reporter to task for not questioning a recent study that found “Rich-Poor Income Gap Growing“. So while it sounds that inflation adjusted wages increased across the board, ie the income distribution (if you can think of it as a bell-shaped normal distribution) moved to the right. Which is good,
Have you heard people like Bill O’Reilly or government officials, or wondered yourself, how markets set prices? For things like, o say oil and gas. Read Prices as the Result of Human Action but Not of Human Design. While it’d be nice to be able to blame evil oil corporations for profiteering from high prices,