In the United Kingdom’s 12 largest cities, 3.5 million people either cannot find work, or cannot find as much work as they like. (The tax cuts were financed by increasing the deficit. What’s happening now should never have happened in the entire history of the universe…, Jim Rickards shows you why you need to prepare for the coming chaos, even after the election itself…, “Just one more wild card in a year of wild cards including the pandemic itself, an economic depression, social unrest and a Supreme Court vacancy”…. A recent report by researchers at the London School of Economics and Newcastle University identifies the scope of the more and better jobs problem in the U.K. If the price of oil and other commodities continue to rise in dollar terms, this will not only slow our economic growth but could stop the recovery. Find out why the real story Wall Street is…, The Wall Street Journal wags a finger at China…, Trump will win reelection this year. Traditionally, in the face of these kinds of problems, governments have focused on supply-side policies like job training, jobs fairs, or programs with universities and community colleges to try to connect workers to or make them ready for better jobs. The more you learn about…, Clipping coupons can be a fun hobby, but there are far more efficient ways for you to save money while shopping with…, By Nilus Mattive Posted September 21, 2019, Just about everyone nowadays has a cell phone. Only if the administration cleans up its own mistakes, can it legitimately blame the Democrats for advocating policies — higher taxes — that slow job growth. The supply of labor is limited. These are the very same service class job categories that provide low wages and low job security to countless workers in the U.S. Receive periodic updates on Cato research, events, Neither do they tell us precisely what they would have done or will do now about the problem. This is arguably the most pressing question facing policy makers across the world today, given turbulence in the global economy and the vocal discontent expressed recently in countries where employment opportunities are scarce. While the technology packed into one of these pocket sized marvels is amazing the…, The world is in a three-handed poker game. Mr. Bush’s Democratic opponents blame him but fail to admit the recession began on the Clinton/Gore watch. “I don’t even look at the price. There is no single path to more and better jobs in our globalized, post-industrial economy, but cities and local governments are clearly in the best position to lead the way forward. Moreover, falling employment and wages may partially explain why consumer credit spiked up in March as incomes have not kept up with inflation and the credit card is being used to buy food and basics. That amounts to 563,000 in the last three months. Devolution is a key factor for upgrading jobs and for inclusive growth more generally, as cities are better equipped to address their own unique needs, and experiment with programs and policies that spread prosperity more broadly. When I get an extra hundred grand, bam, 10,000 goes into gold”…. The government does not create jobs? The “more and better jobs gap” in the U.K.’s largest cities. So, back when the economy was recovering, the Net Birth/Death Computer Model added jobs that had very likely been created. Why aren’t more jobs being created? But who will win in 2024?…, The 5,000-year old solution to wipe out America’s debt?…, Uh-oh — CNBC says the economic expansion is “alive and well”…, By Nilus Mattive Posted November 16, 2019, There are a ton of resources available online to help you sell products through Amazon’s FBA program. The other day I heard the president say, “The tax cuts worked because they put money in people’s pockets.” In fact, the president misstated his own case. American factories have shed thousands and thousands of jobs, and new factories (or existing ones) are moving to Asia where labor is cheaper. Editor’s Note: Richard Benson is the President of Specialty Finance Group, LLC. So, if you want to believe the Wall Street touts, please go right ahead and put your rose-colored glasses back on and tune into that movie with the happy Hollywood ending. Job growth has been too slow, and that is due to bad government policies. This “tax increase” offsets some of the benefits of the rate reduction. But in the long…, Today, Zach Scheidt explains how to play the most recent rally in oil prices, and uses a real-life story to explain his…, Today, Zach Scheidt explains the strong trends emerging in today’s hotel industry, and gives his top three stocks to buy…, Why the marijuana market is about to get a major shot in the arm…, “We’re on the ground floor of a momentous trend that’s only beginning to get traction — and the profit opportunities from investing…. The same amount of money as was taken from the economy by government borrowing was returned as a result of rate reduction — but the tax cuts did improve incentives to work, save and invest.). The employment data announced each month is critical to this perception, but a thorough analysis of the data suggests something quite different than what we are told. Paying workers more and tapping their capabilities and intelligence have been shown to lead to greater innovation and better customer service, resulting in higher productivity and greater profit for companies. The idea behind the model is simple: Because small firms are always failing and starting up and it takes a few months for them to report on the payroll survey, an estimate is needed for the new jobs created. Local government, as Brookings’ Alice Rivlin long ago argued, is the level of government that best knows and can best deal with its own local economic circumstances. The Department of Labor Statistics, however, continues to view these unemployed and vastly under-employed workers as holding full- time jobs.). How do we create more jobs for young people? Therefore, countries with large government sectors, like France and Germany, tend to have much higher unemployment rates than countries with smaller government sectors. The conditions of superstar cities and knowledge hubs are far different than those of older industrial regions or cities with largely low-end service-based economies. Today our co-founder and Executive Publisher, Addison Wiggin, asks a new question: Could the cashless society represent a threat to free speech? In the absence of federal leadership, local government and the private sector should take the lead on this pressing issue. But these efforts can easily become disconnected from the actual demand for labor, which is highly variable across time and geography. I’ll leave it up to you to decide. “If the government wants to create more job opportunities, it has to increase its development expenditure because this will help to boost the economic sector which encompasses the main sub-sectors, namely transport, trade and industry, energy, public utilities and agriculture,” he told Bernama, recently. He is frequently quoted by the Mogambo Guru, and his articles appear in many fine publications. Some people think government spending creates jobs (the old Keynesian myth) but, in fact, government spending reduces more jobs in the private sector than it can create in the government sector. We should tell the Saudis and other major OPEC oil‐cartel members that the current price of oil is unacceptable and we will take action against them if they do not significantly reduce it. The number of urban Britons in need of jobs is striking. Today, our co-founder Addison Wiggin shows you the role demographics has played in the West’s great political revolutions. The rise in oil prices and price increases of other internationally traded goods resulting from the drop in the dollar has the same effect as a tax increase on the American consumer. Another major reason for the slow growth in jobs is that tax cuts are now temporary and set to expire in stages over the next few years. The only question is how…, Three principal drivers powering the third major bull market in gold…, Are diamonds a big scam? Yes, this buyout activity pushes stock prices up at first, but don’t be fooled. Where is employment going? Package theft, or porch piracy, is on the rise and with Christmas coming quickly it’s important to protect yourself, and your goods. Bill Bonner By Bill Bonner Posted September 22, 2017, President Trump sinks into the swamp. They should immediately withdraw the Internal Revenue Service’s proposed interest reporting regulation (which virtually every economist who has commented on the issue has denounced as wretched policy) and reduce the withholding rates on dividend payments to foreign persons in line with the just passed dividend tax cut for Americans. This “more and better jobs gap,” as the researchers refer to it, affects a total of 5.3 million city dwellers in the U.K., comparable to the working age population of London (5.9 million). I realize the above may sound confusing, but it’s actually meant to. Washington, DC 20001-5403, Rich People Who Want Higher Taxes Should Pay More, The Case for an Immigration Tariff: How to Create a Price‐Based Visa Category, How the Government Creates Wealth Inequality. Work must be rationed, not created, so that the market can create the most product possible out of the limited supply of labor, capital goods, and natural resources. By James Rickards Posted September 8, 2017, Jim Rickards’ open letter to President Trump on the threat of new world money, known as special drawing rights.
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