Showing posts with label Thomas Sowell. Show all posts
Showing posts with label Thomas Sowell. Show all posts

Tuesday, June 2, 2015

Labor Policies During The Great Depression


What was the U.S. government doing about labor policies during The Great Depression?  Very early in the recession the U.S. passed the Smoot-Hawley Tariff of 1930.

In this video clip Thomas Sowell highlights its effects...




*clip from the Hoover Institution


Wednesday, March 18, 2015

Humpday Humor: How To Solve Unemployment



An American Farmer's 
World War II Draft Card




























What is a politician to do about high rates of unemployment???  Conscription!

Thomas Sowell explains how to solve unemployment...




*clip from the Hoover Institution


Friday, October 24, 2014

How Does $15/Hour Minimum Wage Help the Unemployed?


Robert Reich makes a case in this video for $15/hour minimum wage legislation.   

Reich, a current government employee and former government bureaucrat focuses on current low-paid employees and employers.  The major problem with framing the argument this way is that he totally omits the people most in need of income, the unemployed.

Question for Professor Reich:
How are the people unable to procure a job in today's $7.25 minimum wage environment going to find work at the much higher $15 level?

Tuesday, September 16, 2014

Dependence as a Key to Holding People Back


A person's historical level of self-sufficiency is often predictive of future well-being.  The inverse of self-sufficient is dependency, which Thomas Sowell argues is a key to holding people back economically...