Economics Thread


Nice little assist from the BLS to the autopen regime.

I wonder what happens to current month surveys on job figures. If a 'lost job' was included in current month reports but later cleaned up in prior periods what happens? Is that how they aggregate their data set? Is it possible that much of the job loss we are seeing now never existed in the first place?
 
But in this case, I’m arguing in reasonably good faith. If I do have to pay more for my goods and services due to on-shoring and protectionist policies, I do think it’s better if we aren’t aggressively raiding plants and chaining up the people who were here temporarily to set up the plants, and that we should be acting in better faith with the companies setting up American factories. I’m not *against* jobs being created, especially if we’re going to insist on making other options unaffordable whether we can produce it here efficiently or not.
 
But in this case, I’m arguing in reasonably good faith. If I do have to pay more for my goods and services due to on-shoring and protectionist policies, I do think it’s better if we aren’t aggressively raiding plants and chaining up the people who were here temporarily to set up the plants, and that we should be acting in better faith with the companies setting up American factories. I’m not *against* jobs being created, especially if we’re going to insist on making other options unaffordable whether we can produce it here efficiently or not.
Produce 'efficiently' just means produce with cheaper human capital costs. This is the overwhelming cost driver for offshoring.
 
Produce 'efficiently' just means produce with cheaper human capital costs. This is the overwhelming cost driver for offshoring.
Call it whatever you want, cost of production is going up. So if it’s going to go up because the government said so, I’m not anti-news jobs also happening.
 
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