The job age discrimination problem and contemporary worker shortage
Many people over age 50-55 were furloughed or cut in layoffs during the pandemic. Many have found it difficult to obtain a new, relevant job related to their experience and…
Risk of high inflation
A friend just emailed: The M2 money supply is up by over +39% since the start of the pandemic. We’ve got excess cash, demand and insufficient supply leading to higher…
Obviously, college tuition needs to be much higher :)
One can imagine college administrators using this to justify tuition hikes: Not only do cheaper universities lead to lower average incomes over time, but students who attend low-return schools may…
The worker shortage
U.S. Treasury Secretary Janet Yellen said on Friday that labor force participation was “quite depressed” compared to pre-pandemic levels. Source: Labor force participation “quite depressed” versus pre-pandemic levels, Yellen says…
High inflation hits food
The Death of Expertise: The experts assured us inflation was not a problem and just temporary. A year ago. Take bacon. The average cost of bacon nationwide has soared 28%…
Royal Dutch Shell moves HQ out of the Netherlands, drops “Royal Dutch” from company name
Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing…
Looks like it: Is flight shaming the new minimalism?
“Flight shaming” is a fad out of Europe, where residents vow to not use air travel in favor of cars, trains and ships. This works for people living in tiny…
No inflation to see here: Consumer prices rise the most in over 30 years
Annual CPI: 6.2% Source: Consumer prices see largest year-over-year spike since November 1990 Some private economists are estimating “real inflation” at 9% to 16%, far higher than the government’s CPI…
Teleworking trends
Stated another way, about 70% of workers need to go into offices. Only about a third of all workers have jobs that allow teleworking. Source: Oregonians’ march back to the…
Losing the narrative: Climate change causes inflation
Or something: Bank of Canada plans to keep eye on climate change impact on inflation | The Star