Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to a report Thursday from payroll processing firm ADP. Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000 and a bit […]
A Higher Minimum Wage, More Unions, and More Public Housing. Review of ‘Poverty, by America’ by Matthew Desmond
“Why is there so much poverty in America?” This question opens Poverty, by America, a newly released book by Princeton University Professor of Sociology Matthew Desmond. The book’s emphatic answer is “exploitation.” In fact, all Americans fortunate not to live in poverty, as Desmond sees it, are at least indirectly complicit in exploiting poor Americans […]
Are Labor Costs Driving Inflation? (No)
“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings. Analysis shows that higher labor costs are passed along to customers in the form of higher nonhousing services prices, however the effect on overall inflation is very small. Labor-cost growth has no meaningful effect on goods […]
Why China’s government might struggle to revive its economy
China’s post-covid recovery was supposed to be world-shaking. Instead, it looks merely shaky. After the initial release of pent-up demand, economic data for April fell short of expectations. In response China’s stocks faltered, yields on government bonds fell and the currency declined. The country’s trade-weighted exchange rate is now as weak as it was in […]
Investors go back into battle with rising interest rates
The past three months have afforded investors little pause for thought. Since a run on Silicon Valley Bank (svb) in March, markets have had to judge first whether one American lender would collapse (yes), then others (yes, though mercifully few), then whether the contagion would spread overseas (just to Credit Suisse). With the takeover of […]
America will struggle to pay for ultra-expensive gene therapies
The vial is familiar, the liquid inside could be water—but the price tag is a little more unusual. A shot of Zolgensma, a gene therapy for spinal-muscular atrophy, comes to $2.1m. It is one of a new generation of ultra-expensive medicines. Treatments for beta-thalassemia and haemophilia, two blood disorders, cost $2.8m and $3.5m, respectively. Their […]
What does the perfect carbon price look like?
To most economists, putting a price on greenhouse-gas emissions is the best way to tackle climate change. It is efficient, allowing society to identify the cheapest unit of carbon-dioxide equivalent to forgo. It is fair: polluters pay; the proceeds can be redistributed. And it aids other forms of decarbonisation: complying with a carbon price forces […]
WOKE = Unconstitutional
ANY company engaging in WOKE should be brought to court for what they are doing is patently UNCONSTITUTIONAL and lawyers should start to wake up and bring class action lawsuits against Target, Budweiser, and North Face as well as every other company engaged in this activity of promoting transgenderism. This movement has rendered college degrees […]
What Is Service Level Management?
The product level control process functions to ensure that every aspects of IT services follow agreed upon levels of efficiency. It helps clubs meet buyer anticipations and provides an impressive framework that keeps user delight at the heart of decisions across departments. Additionally , it also facilitates resolving issues related to the performance than it […]
