Cheap Labor Is Not The Solution

Joel Poindexter oversimplifies immigrant labor:

The only significant impact that immigrants have on the labor market is to increase the supply of labor, which tends to put downward pressure on wages. Everything else equal, the only way an immigrant will be hired over a native worker is if he is willing to accept lower . . . → Read More: Cheap Labor Is Not The Solution

Fixing American Unemployment

This might be a problem:

“Of jobs created in Texas since 2007, 81 percent were taken by newly arrived immigrant workers (legal and illegal),” says the report from the Center for Immigration Studies, a group that advocates reduced levels of both legal and illegal immigration. The report estimates that about 40 percent of the . . . → Read More: Fixing American Unemployment

Riots and Free Trade

Here’s a chilling excerpt from a paper entitled The Los Angeles Riot and the Economics of Urban Unrest:

What caused the 1992 L.A. riot? While this question has no definitive answer, the evidence presented in this paper does suggest that South Central L.A. had some characteristics that made it more likely than other cities . . . → Read More: Riots and Free Trade

When Ignorance is Bliss

The proper version of “ignorance is bliss” is actually “WHEN ignorance is bliss,” and it should be followed by “’tis folly to be wise.” That’s the short version of public choice economics, which points out that your vote counts for very little, and consequently justifies very little investment in making a quality vote. They . . . → Read More: When Ignorance is Bliss