It's Rick Snyder's incredible flip-flop here in Michigan on so-called "Right to Work" legislation and his claims that it's about "freedom" that brings me back to blogging. Lately I've been getting increased questions about what "Right to Work" really means. So, let me try to cut through the Orwellian rhetoric and explain. So called "Right … Continue reading Is “Right to Work” About Freedom?
In recent posts here, here, and here, I've been discussing structural vs. cyclical unemployment. In particular I've observed how those who are opposed to government stimulus efforts, either broad-based tax cuts or spending, are desperate to assert that our unemployment is a structural problem and not cyclical. Yesterday's post about a story in the Wall … Continue reading Rick Snyder Advocates Government Planning to Fix the Labor Market
CalculatedRiskBlog reports: Here is a depressing report from the National Employment Law Project: States Made Unprecedented Cuts to Unemployment Insurance in 2011 NELP’s new analysis shows that in 2011, six states cut the maximum number of weeks that jobless workers can receive unemployment insurance to less than 26 weeks—a threshold that had served as a standard for all 50 states for … Continue reading Unemployment Benefits Cut Will Worsen Things.
The mantra of Republican governors (and in Congress) has been that taxes must be cut in order to create jobs. In previous posts I've dealt with the confusion about how federal level changes income taxes might or might not affect the strength of the economy. Most of the federal tax discussion focuses on individual income taxes. … Continue reading Gov. Rick Snyder Invokes the Magic Job Genie
For years and through the early part of the Great Recession of 2007-09, Michigan was ground zero for unemployment. Unemployment rates of around 15% - worst in the nation. But once the GM and Chrysler completed their bankruptcies, it has begun to emerge. In the past 12 months Michigan has made relatively good progress on … Continue reading In Michigan, Governor Snyder Is Increasing Unemployment
Author Naomi Klein wrote a book a few years ago called Shock Doctrine. It is a powerful antidote to the pro-free markets, pro-globalization stories of authors such as Daniel Yergin and Stanislaw who wrote Commanding Heights. I wish Shock Doctrine were a full-length video to juxtaposition against Commanding Heights. In the book, Klein documents how … Continue reading Shock Doctrine and Wisconsin and Michigan
Lots to catch up as taxes and grading have taken my time the last week or so. The Philadelphia Fed Reserve Bank issues "Philly Fed Coincident Indicators". This is an index, state-by-state, of various economic indicators. The index helps tell whether the local (state) economy is improving or not. As you can see from the … Continue reading MI leads (good way)