Tag Archive: work

Aug
30

Pain and Gain: The Economic Principle, not the Movie

What’s not to like about increasing living standards for everyone?  Most people agree that economic growth is good because it allows people to have better access to food, clothing, shelter, health care, education, entertainment, and other nicer stuff.  A few don’t like economic growth because they mistakenly believe growth is bad for the environment or …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/08/30/pain-and-gain-the-economic-principle-not-the-movie/

Jan
17

Yes, We have no Manna Today

The economy continues to grow at a slower than normal pace.  In Wednesday’s WSJ, Richard Vedder wrote The Wages of Unemployment.  He argued that our slow economic growth since 2000 was the result of a declining labor force participation rate.  In short, people are not working as much as they used to and it is …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/01/17/yes-we-have-no-manna-today/

May
04

All Play and no Work Makes the US a Poor Country

Sometimes looks can be deceiving.  April’s unemployment rate fell from 8.2% to 8.1% which looks good.  On the other hand, the labor force participation rate continued to fall and hit a 30 plus year low.  Fewer people are in the labor force now than were there at the beginning of the economic recovery.  If the …

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Permanent link to this article: http://new.wkubbtcenter.com/2012/05/04/all-play-and-no-work-makes-the-us-a-poor-country/

Feb
24

The Sixth Day

Commandment number 4 (3 in the Catholic and Lutheran tradition) of the famous Ten Commandment is commonly referred to as the commandment relating to taking a sabbath.  Exodus 20 8-11 provides the text of the commandment: “Remember the sabbath day to keep it holy.  Six days shalt thou labor and do all thy work; but …

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Permanent link to this article: http://new.wkubbtcenter.com/2012/02/24/the-sixth-day/