All of economics boils down to a single fact: people respond to incentives. The first step to thinking like an economist is to take that fact seriously. Once you do, the world never looks the same.
Union membership in the private sector has been declining for decades, while union membership in the public sector has been increasing. This is consistent with workers voluntarily choosing not to unionize to the point that unions must turn to government jobs where it is easier to force workers to unionize.
Foolishness of the week: 04:20 Main episode: 10:03
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https://www.nbcnews.com/news/us-news/climate-change-activists-blockaded-burning-man-accuse-police-excessive-rcna102370
Foolishness of the Week
https://www.msnbc.com/the-reidout/reidout-blog/pope-francis-conservatives-united-states-rcna102452
Topic of the Week
Declining union membership
https://www.statista.com/statistics/195339/number-of-union-members-in-the-us-since-2000/
https://www.statista.com/statistics/195349/union-membership-rate-of-employees-in-the-us-since-2000/
Union workers earn around 20% more than non-union workers
https://www.statista.com/statistics/1374865/earnings-union-membership-race-us/
33% of public sector jobs are unionized vs 6% of private sector jobs
https://www.bls.gov/news.release/pdf/union2.pdf
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https://www.youtube.com/watch?v=Eu_uwgbTdzw
More than a decade ago, experts decided to change how students are taught to read. Without testing whether the new method worked or, apparently, even checking in with actual teachers, the experts forced the change. What resulted was a generation of children with reduced reading abilities. The experts have now reversed course. People make mistakes like this all the time. When the people who are making the decisions are the same people who live with the consequences of the decisions, errors get detected and fixed relatively quickly. There's nothing wrong with experts weighing in on the best way to do things. But when those experts are allowed to impose their wills on others, the people who live with the consequences are no longer the people making the decisions. What often results is decades of living with "solutions" that do more harm than good.
Main episode: 06:47
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Quick Hits https://phys.org/news/2023-10-cranial-traumas-cities-built-violence.html https://genderdata.worldbank.org/indicators/vc-ihr-psrc-p5
Topic of the Week
https://nypost.com/2023/09/21/repairing-the-damage-columbias-teachers-college-did-to-american-kids-will-take-years/
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...
https://www.youtube.com/watch?v=1ZZs5BKZ8is
Antony talks with Nate Thurston and Chuck Thompson on Good Morning Liberty.
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https://www.youtube.com/watch?v=83m-lktgn3A
Bank runs, green investing, doctor shortage in Europe, are people getting dumber? Foolishness of the week: 09:07 Main episode: 11:32
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Quick Hits www.goodnewsnetwork.org
https://thehill.com/homenews/state-watch/3917919-nyc-bill-would-ban-discrimination-based-on-weight/
Foolishness of the Week https://www.politico.com/news/2023/04/10/gop-bomb-mexico-fentanyl-00091132
Episode Topic https://www.wsj.com/livecoverage/federal-reserve-meeting-interest-rate-march-2023/card/pacwest-stock-falls-premarket-after-reporting-deposit-fall-5iilc6yQ4WDh3QhQIvPm https://www.fdic.gov/bank/historical/bank/ https://reason.com/2023/03/21/bidens-first-veto-protects-and-promotes-esg/ https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investing https://finance.yahoo.com/quote/%5ESPESG https://marketrealist.com/p/what-is-esg/ https://studyfinds.org/americans-iq-test-scores-drop/ https://www.abokifx.com/news/europe-is-running-out-of-doctors-and-nurses-who-warns-bloomberg?type=market
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https://www.youtube.com/watch?v=8ISOcRcY9qc