Economics Thread

California and Florida are interesting to consider. The combination of covid and ripening of technology permitting remote work was very favorable for low cost states (like Florida) and very unfavorable for high cost states like California and New York.

Low cost states patted themselves on the back thinking this reflected good policy. Well it turns out that it was more like a one-time shock that is now producing a boomerang effect. Florida is also going through some self-inflicted choices. One of them interestingly enought has to do with chasing away undocumented immigrants, which turns out to be a bad thang (shocking I know!) for job growth for native-born workers. The naive view is that such workers compete with and take away jobs from 'mericans. It turns out they are highly complementary to 'merican workers and their absence is being keenly felt in places they have left in large numbers, including Florida.
 
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nsacpi said:
California and Florida are interesting to consider. The combination of covid and ripening of technology permitting remote work was very favorable for low cost states (like Florida) and very unfavorable for high cost states like California and New York.

Low cost states patted themselves on the back thinking this reflected good policy. Well it turns out that it was more like a one-time shock that is now producing a boomerang effect. Florida is also going through some self-inflicted choices. One of them interestingly enought has to do with chasing away undocumented immigrants, which turns out to be a bad thang (shocking I know!) for job growth for native-born workers. The naive view is that such workers compete with and take away jobs from 'mericans. It turns out they are highly complementary to 'merican workers and their absence is being keenly felt in places they have left in large numbers, including Florida.
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Nothing like New York - Just have to get communists out of command of our crown jewel.
 
msstate7 said:
Young healthy couple walks in to a bank for a housing loan.

Banker: "how much collateral do you have?"
Couple: "unfortunately, very little."
Banker: "we can help you, but you both have to sign over one of your kidneys as collateral."
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The conversation today might go:

Banker: "how much collateral do you have?"
Couple: "unfortunately, very little."
Banker: "sorry, we can’t help you”

I’d rather have the option if I was the young, healthy couple.

Although to be clear, I’d also be content with a market for organs that offended all my libertarian sensibilities - letting the government set the market price, putting in barriers that would keep people from making rash decisions out of financial desperation, paying people out in multi-year tax refunds rather than an immediate lump sum of cash, etc.

I think that highly regulated, unfree market would still be better than what we have today, where people are languishing on dialysis with no quality of life (at crazy high costs) and dying on waitlists.
 
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