Labor and Wages

Bob breaks down the fears about AI-driven unemployment and shows why economic reasoning still favors human prosperity in a high-tech world.

Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.

Chris Calton reviews Michael Sonenscher's Capitalism: The Story Behind the Word. The book meanders through abstract associations to claim that the division of labor is “worse” than capitalism without providing context or engaging with real historical developments.

President Trump is right to raise doubts about the motivations of the government officials tasked with collecting and releasing economic data. But it would also be a mistake for the right to take after Biden and dismiss any sign of economic pain.

Whether President Trump overreacted to the recent BLS is irrelevant to the fact that government data often is inaccurate and politically suspect. 

Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.

Discussions of wages often miss the all-important economic concept of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.

In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.

In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.

At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”