Many people agree that the first objective for tax reform must be to create jobs. The entire transition team’s number one objective is creating jobs. Good jobs, American jobs. That was the heart and soul of Trump’s campaign. While there […]
In the 3rd edition of University Economics, Armen Alchian and William Allen state that “an unlimited number of jobs are available in a world of scarcity.” Entrepreneurial innovation marshals resources in new and creative ways so that desires once too […]
The percentage of people in the workforce is expected to continue its downward trend in the decades ahead, according to a federal report Friday. The labor force participation rate has declined significantly since the last recession almost a decade ago. […]
The idea of robots replacing factory workers could sound like the stuff of science fiction, but automation is the factory of the future. This could be the year we really start seeing humans being replaced by robots; Tesla has already […]
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Internet Of Things (IOT) the end of many jobs? And now we can finally pay attention to more important matters… Top of mind: the future unemployment rate. It’s gonna be high. Very high. Painfully high. So high that it […]
Virtually every college and university economics course begins with the proposition that people, individually and collectively, are not able to command sufficient productive resources to satisfy unlimited consumption desires. In economics this is called the “scarcity proposition.” Absent scarcity, school […]