Saturday, July 23, 2011
Thursday, July 21, 2011
Friday, July 15, 2011
Without venturing here an opinion on the underlying source of each and every recession throughout American history, I will express an opinion about the current recession: it is clearly the result of distorting government policies, regulatory and monetary, leading up to 2008 as well as of the symptom-treating policies since then that only worsen matters. (And not to mention yet other actual and threatened policies"
Wednesday, July 13, 2011
I think some people would like to blame 'food deserts' on profit oriented retailors and 'industrial agriculture'. But here we have an example where a big box retailer is being presented as a possible solution to the 'food desert' dilemma. It make sense that given the extensive hurdles to bringing healthy food to some markets (forgetting for a moment those barriers associated with production agriculture) such as minimum wages, risk,liability, the war on drugs, taxes, and the regulatory environment, that a company like Wal-Mart could leverage their supply chain and possibly make a profit where no one else can.
Sunday, July 10, 2011
Drovers CattleNetwork - Agsight: No speculators? No thanks! - Cattle News - Editorial, Grain & Cattle Markets, Current Stories
Sent from my iPod touch
Saturday, July 09, 2011
Rethinking Regulations for Biotech Crops - http://www.truthabouttrade.org/news/editorials/trade-policy-analysis/18078-rethinking-regulations-for-biotech-crops
Thursday, July 07, 2011
Saturday, July 02, 2011
- The minimum wage reduces employment.
Currie and Fallick (1993), Gallasch (1975), Gardner (1981), Peterson (1957), Peterson and Stewart (1969).
- The minimum wage reduces employment more among teenagers than adults.
Adie (1973); Brown, Gilroy and Kohen (1981a, 1981b); Fleisher (1981); Hammermesh (1982); Meyer and Wise (1981, 1983a); Minimum Wage Study Commission (1981); Neumark and Wascher (1992); Ragan (1977); Vandenbrink (1987); Welch (1974, 1978); Welch and Cunningham (1978).
- The minimum wage reduces employment most among black teenage males.
Al-Salam, Quester, and Welch (1981), Iden (1980), Mincer (1976), Moore (1971), Ragan (1977), Williams (1977a, 1977b).
- The minimum wage helped South African whites at the expense of blacks.
- The minimum wage hurts blacks generally.
Behrman, Sickles and Taubman (1983); Linneman (1982).
- The minimum wage hurts the unskilled.
- The minimum wage hurts low wage workers.
Brozen (1962), Cox and Oaxaca (1986), Gordon (1981).
- The minimum wage hurts low wage workers particularly during cyclical downturns.
Kosters and Welch (1972), Welch (1974).
- The minimum wage increases job turnover.
- The minimum wage reduces average earnings of young workers.
Meyer and Wise (1983b).
- The minimum wage drives workers into uncovered jobs, thus lowering wages in those sectors.
Brozen (1962), Tauchen (1981), Welch (1974).
- The minimum wage reduces employment in low-wage industries, such as retailing.
Cotterman (1981), Douty (1960), Fleisher (1981), Hammermesh (1981), Peterson (1981).
- The minimum wage hurts small businesses generally.
- The minimum wage causes employers to cut back on training.
Hashimoto (1981, 1982), Leighton and Mincer (1981), Ragan (1981).
- The minimum wage has long-term effects on skills and lifetime earnings.
Brozen (1969), Feldstein (1973).
- The minimum wage leads employers to cut back on fringe benefits.
McKenzie (1980), Wessels (1980).
- The minimum wage encourages employers to install labor-saving devices.
Trapani and Moroney (1981).
- The minimum wage hurts low-wage regions, such as the South and rural areas.
Colberg (1960, 1981), Krumm (1981).
- The minimum wage increases the number of people on welfare.
Brandon (1995), Leffler (1978).
- The minimum wage hurts the poor generally.
- The minimum wage does little to reduce poverty.
Bonilla (1992), Brown (1988), Johnson and Browning (1983), Kohen and Gilroy (1981), Parsons (1980), Smith and Vavrichek (1987).
- The minimum wage helps upper income families.
Bell (1981), Datcher and Loury (1981), Johnson and Browning (1981), Kohen and Gilroy (1981).
- The minimum wage helps unions.
Linneman (1982), Cox and Oaxaca (1982).
- The minimum wage lowers the capital stock.
- The minimum wage increases inflationary pressure.
Adams (1987), Brozen (1966), Gramlich (1976), Grossman (1983).
- The minimum wage increases teenage crime rates.
Hashimoto (1987), Phillips (1981).
- The minimum wage encourages employers to hire illegal aliens.
- Few workers are permanently stuck at the minimum wage.
Brozen (1969), Smith and Vavrichek (1992).
- The minimum wage has had a massive impact on unemployment in Puerto Rico.
Freeman and Freeman (1991), Rottenberg (1981b).
- The minimum wage has reduced employment in foreign countries.
Canada: Forrest (1982); Chile: Corbo (1981); Costa Rica: Gregory (1981); France: Rosa (1981).
- Characteristics of minimum wage workers
Employment Policies Institute (1994), Haugen and Mellor (1990), Kniesner (1981), Mellor (1987), Mellor and Haugen (1986), Smith and Vavrichek (1987), Van Giezen (1994).
Finds that an increase in the minimum wage from $3.35 to $4.65 over three years would increase the unemployment rate by less than 0.1% and the inflation rate by 0.2%.Adie, Douglas K. 1973. Teen-Age Unemployment and Real Federal Minimum Wages. Journal of Political Economy, vol. 81 (March/April): 435-441.
Friday, July 01, 2011
A parity of our political leaders discussion of budget cuts and tackling the deficit? This especially reminds me of the political posturing we get from the right and the left (like in a recent NYT article) discussing cuts to farm subsidies. Cutting the entire farm program budget amounts to less than 1/2 of 1 % of total government spending. Given the problems with medicare and social security, it seems like it costs us more to simply discuss farm subsidies than what we will ever end up saving through cuts. Some groups like the EWG have spent a lot of resources tracking farm subsidy data. Why? I guarantee it is not a fiscally minded agenda. They are more concerned with politically correct agriculture than sustainable farms or government, and I guarantee if subsidies were redirected to organic and local backyard production, the EWG data base would probably go away while the deficit grows and the check is in the mail for wealthy special interests.