Skip to main content

Jobs, Inflation, Industrial Policy and Immigration

 We don't have workers to fill all the available jobs in the United states. 

Some politicians on both sides want to use big government to bring jobs back from other countries. 

Anyone see an issue here? There are actually several.

First, perhaps, we should allow workers from other countries in to fill the jobs we have. 

This would accomplish a lot more than we see at the surface level.  It would solve the immigration issue and the inflation issue for starters. 

First immigration and labor: A lot of folks are trying to get into the country for work, and a lot of jobs are looking for workers. What a great opportunity to solve both problems at the same time!

Second, inflation: we have inflation for the same reason we always have inflation. There are too many dollars chasing too few goods. That is the classic definition of inflation. The Fed answer to inflation is to slow down the money by increasing interest rates. Wouldn't it be much smarter to increase the number of goods? Increasing the workforce would do just that.

As for industrial policy: Increasing the number of jobs in a place where we already have more jobs than workers would raise wages, but also raise the price of goods. That is inflationary by nature. Industrial policy increases taxes because it is our money they are using to draw the jobs by subsidizing factories. It results in higher prices in other ways such as punitive tariffs which the end user always pays. 

We have some complex problems with very simple answers which we could solve in a matter of months, if not weeks if our leaders would do what they already know is right!

Popular posts from this blog

Do we wait for perfect people?

  Do we wait for perfect people? There are not now, nor have there ever been, perfect people, except one, and if you believe that story, we crucified him! Is perfection attainable? Human history and daily practice say no. Should we let that stand in the way of progress?  A historian I trust said that one of our founders was a horrible man. I have no argument against that theory. The question then: “Is the product of his intellect invalid?" If the product of the minds of our founders is deemed incorrect and inoperable because they were severely flawed men, we also have no right to take on the trials of our own day! We are as flawed as they, in ways we can not yet grasp! Do we wait for perfect documents? Our founders were flawed, as we have noted. We live and work in a system they created. Is that system inherently wrong as a result? Shall we wait for perfect people to produce perfect governing documents? If so, we would not to this day have attended the greatest evil of their t...

Trump Major Failures!

Ending TPP  Ending JCPOA Ending NAFTA  Ending Affiliation with WTO    TPP  The Trans-Pacific Partnership, which Trump obviously did not understand was the biggest boon to China in this century! Under the agreement, we would have an economic and democracy-boosting agreement with the Pacific Rim nations that would have rivaled China and provided security and economic and military leverage against them!  JCPOA  The Joint Comprehensive Plan of Action was intended to prevent Iran from developing nuclear weapons and improve regional and global security. Iran accepted restrictions on its nuclear program and underwent regular inspections by the International Atomic Energy Agency. Our removal from the program resulted in our blindness to the Iranian nuclear progress, which is now just short of weapons production!  NAFTA  The North American Free Trade Agreement was ended by the Trump administration and the new agreement brokered by them led to higher U...

Grievances against the King of England and Donald Trump

 Grievances against the King of England and Donald Trump The list of grievances against the King of England, as it appears in the Declaration of Independence: “The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world. He has refused his Assent to Laws, the most wholesome and necessary for the public good. He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them. He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only. He has called together legislative bodies at place...