Why government-guaranteed jobs are a bad idea

In the past couple months, people have been promoting the idea that government should provide guaranteed jobs. Let’s explore why this is a bad idea. What is happening The general idea is that government would provide a guaranteed job to anyone “who wants or needs one.” The number of jobs would probably be in the … Continue reading Why government-guaranteed jobs are a bad idea

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A license to… shampoo?

Some occupations require people to obtain a license before they can work in that profession. Is this good for society? Let’s take a look. What is occupational licensing? An occupational license represents government permission to work in a certain profession. In some cases, permission is granted by a separate, government-approved body. Licensing laws vary, but … Continue reading A license to… shampoo?

Has unemployment dropped enough since the Great Recession?

US unemployment shot up sharply during the Great Recession of 2008-2009. Since then, it has dropped back to more normal levels. Is unemployment now low enough? Let’s look at some facts. Multiple unemployment metrics The unemployment rate is defined as the percentage of the overall labor force that is jobless. Simple enough, right? Not really. … Continue reading Has unemployment dropped enough since the Great Recession?