While unions and management in different industries have basically the same legal rights to strike or lock workers out, the real bargaining power each side has depends on the specific structure of their industry. This is just one of the…
Changes in society affect the unemployment count
Editor’s note: This is the second of two columns on the unemployment rate. The first column is Numb to jobless numbers. We may or may not be in a recession as economists define it, but the economy certainly is far…
Numb to jobless numbers
Editor’s note: This is the first of two columns on the unemployment rate. The second column is Changes in society affect the unemployment count. The U.S. Bureau of Labor Statistics will release estimates of the unemployment rate and the number…
Free trade is good for business, good for people
Economists have failed dismally to convince the public of the benefits of trade. Perhaps we should admit that and start from scratch. Economists have believed trade is beneficial for at least 226 years, which is also as long as our…