Category Archives: Economy

Pandemic must be over: “Experts sound the alarm on declining birth rates among younger generations”

I really am so old that I remember when the “Population Bomb” meant the end of the human species:

While the global population is still growing, a major study from 2020 predicts it will peak in 2064 and then fall by nearly a billion people by the end of the century.

Source: Experts sound the alarm on declining birth rates among younger generations: “It’s a crisis” – CBS News

The sole purpose of science and their pals in the media has degenerated into finding things to be scared about. That is a shame.

Travel and tourism post pandemic: “More exclusive, more responsible, more expensive”

  • News reports say it may be until 2023 or 2024 (depending on region) before airline travel is restored to 2019 pre-pandemic levels.
  • These timelines seem realistic considering the training necessary to re-certify flight crews who have been furloughed for lengthy stretches, and who may need to train to fly different aircraft than they flew before.
  • Demand for air travel in 2022 and early 2023 may exceed supply of passenger seats. This means flying might require booking months in advance and/or paying much higher fares.

A news report says Delta thinks it will take ’til summer of 2023 to re-build the airline back to 2019 pre-pandemic levels.

Separately, countries are looking at ways to limit tourism, or focus more on luxury/high end travelers who stay longer and spend more money. There is also talk of more fees and carbon taxes on tourists, which may limit future international travel to the well off.

Continue reading Travel and tourism post pandemic: “More exclusive, more responsible, more expensive”

Some one paying attention: UK official says tax hikes to follow “irresponsible” government spending

I think in the U.S. the government sees this as a feature. Am expecting very large tax hikes to be proposed soon.

Source: Budget 2021: Rishi Sunak warns tax rises to follow spending spree – BBC News

At this point, at lot if not most of the “stimulus” and “Relief” spending is pork spending to favor constituents. That, in turn will be used as the reason we must raise taxes.

End of globalization: “Walmart announces it will invest $350 billion in US manufacturing”

Companies such as Walmart and GE created the outsourced, offshore manufacturing boom. Globalization was the future and it would be great for everyone. That’s what the economics theory says too.

But then the pandemic happened and much has changed.

BENTONVILLE, Ark. (KNWA) — Walmart announced Wednesday a goal to invest $350 billion in the “future of U.S. manufacturing” over the next 10 years.

Source: Walmart announces it will invest $350 billion in US manufacturing | NewsNation Now

A related issue is “carbon taxes”. Many countries know full well they outsourced their own dirty industries to other countries – so they could virtue signal how clean their country had become.

Now, though, several countries have proposed a carbon import tax – such that goods made in cheaper but dirty manufacturing facilities elsewhere – will cost the same as those made in cleaner domestic facilities.

Of course, this does mean we will all be paying more for things in the future.

Post pandemic inflation expected

  • Increasing demand for gasoline will drive up prices
  • Increasing demand for autos as people begin driving more miles again
  • Increasing demand for restaurants, hotels, air travel and tourism
  • Health care spending already up by +14.7% year over year. The ACA failed to control costs, as promised.
  • Increased demand for buying homes, already underway
  • And $1.9 trillion more printing of money to prime the demand increase

Source: Houses, healthcare will get more expensive as US economy recovers

Why Amazon wants a $15 Federal minimum wage-to crush its competition

As Amazon lobbies for a higher minimum wage, experts say that the company is not making the decision solely out of the goodness of Jeff Bezos’ heart.

Source: Amazon’s $15 minimum wage push is a strategic business decision

Corporations have long used government regulation to harm competitors while benefiting themselves. It is also known as “regulatory capture” – where the businesses being regulated mostly write their own rules, and do so in a way to harm competitors or reduce future competition.

Amazon already averages over $15/hour pay so the legislation does not affect Amazon – but it would harm small businesses and others in low cost of living locations throughout the U.S.

It also enables Jeff Bezos to earn “virtue signaling” points in the public opinion-sphere.

Continue reading Why Amazon wants a $15 Federal minimum wage-to crush its competition

Academic says quarantines should be required for all travel forever, even when there are no pandemics

A word that rhymes with “Boron” comes to mind here:

A two-week quarantine period for international, inter-regional, or transcontinental travel would make a huge difference in preventing future epidemics from becoming pandemics. Standing travel quarantine policies should be implemented, even when we are not in a pandemic. These can become as normal as other preventive measures we take, such as airport security and washing hands after using the bathroom. Having travel quarantine policies in place will also make it easier to adjust for particular events, such as increasing the quarantine time if a long-incubation illness emerges or testing for a particular illness.

Source: An argument for ongoing travel quarantines. — EndCoronavirus.org

Because a 2-week mandatory quarantine in each direction of a trip is exactly the same as “airport security and washing hands after using the bathroom”?

This proposal includes quarantines for travel between U.S. states too – literally placing people under arrest and detaining them. California, if it were a country, would be the 37th largest country in the world and New York would be the 60th largest country in the world.

Continue reading Academic says quarantines should be required for all travel forever, even when there are no pandemics

Retail sales set to explode

There will be growth but on the other hand, much retail has done fine so far. The services area, like restaurants, hotels, airlines and everything travel related has huge upside in 2H of 2021.

Retail sales are expected to grow in 2021 between 6.5% and 8.2%, amounting to more than $4.33 trillion, the National Retail Federation said Wednesday.

Source: U.S. retail sales to rise 6.5% to 8.2% in 2021, National Retail Federation says