You have to go back all the way to the Jimmy Carter administration to find a time when the percentage of Americans in the workforce was lower than it is today. It now stands at 62.9%. This has a lot to do with why the unemployment rate is so low—because a whole lot of people have decided to drop out of the labor market. This is particularly true for women, believe it or not. Their numbers have...
I find it amazing how no matter how much Donald Chump screws up the economy for the people who are supposed to be his base supporters—like farmers—they still love the conman. Which makes me realize that it isn’t economics that is driving the MAGA people in the Midwest and all these towns in America that are supposedly failing. If economics was truly the main concern of these people, they wouldn’t...
Reading and watching the news about last night’s elections, it’s obvious politics is more of a sporting event separating the winners from the losers than it is a communal exercise in rational self-government. Ideas aren’t elevated. Rather they are reduced to a scrum. Issues aren’t discussed. They are used to divide. Politicians don’t appeal to our higher instincts. They don’t try to reach out to...
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