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Category: Economics

There is No Labor Shortage, There is a Wage Shortage. Raise The Minimum Wage.

President Biden spoke yesterday responding to questions about the nation’s supposed “labor shortage.” “Pay them more,” he urged employers across the land on national television. I wonder if there are any other policy options besides trusting private industry not to exploit and squeeze their workers. Other than the ridiculousness of…

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Competition

One problem with the way antitrust doctrine is applied today in courts, which itself is an ahistorical interpretation of the law, is the way judges apply the “principles” of economics to their legal analysis of monopoly (anticompetitive) harms, harms sustained by immense market power. The standard, popular threshold to measure…

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High Tech & Antitrust

I’m picking on Amazon because I believe there is more than enough evidence to break them up and evaluate their conduct against federal antitrust violations. A piece of popular antitrust history revisits the stranglehold IG Farben had in Germany’s WW2 economy and their role in financing the German war apparatus…

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Far From Being Perfectly Competitive, Markets are Perfect at Extraction & Exploitation

There are no more illusions that ordinary workers, from the gig economy to each corner of the service industry, are robbed every day of a livable wage and are increasingly denied access to the broader economy because they cannot even afford to pay to purchase the fruits of their own…

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Poverty.

The Senate announced that the negotiations for second round of COVID-19 stimulus checks will be shelved until they reconvene September 8th. One would argue that in such a perilous time — one marked by significant blitz of evictions as moratoriums on rent end and an attempt to gut the USPS…

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