Monday, February 14, 2005

SOME ECONOMICS

There is a big article here spelling out how conservative policies are much better for the poor than Leftist policies are.

Enter the protectionist dragon: "America's rapidly expanding trade with China is awakening a dragon -- the dragon of protectionism. As trade has grown between the two giant economies, so too have trade tensions. Legislation sponsored by Sen. Charles Schumer (D-N.Y.) would impose a draconian 27.5 percent tariff on imports from China?s because of its allegedly unfair exchange rate. Meanwhile, a recent study sponsored by a federal commission claims that trade with China destroyed 1.5 million jobs in the United States from 1989 through 2003. The study, performed by the left-leaning Economic Policy Institute, did not actually count real people who lost their jobs, but instead applied a simplistic formula based on the shaky assumption that exports create jobs and imports destroy jobs. As usual, reality is more complicated -- and more positive -- than the critics of trade portray."

A free market in workplace regulations: "In a free economy, under what conditions may employees be hired and fired? And should discrimination be tolerated in the workplace? The answer to these questions depends upon who is the source of the discrimination. From a free market perspective, the only factor that matters is whether or not the government is involved in the discrimination. If the government is the entity that forces a company to hire or fire somebody based on whatever criteria it sets forth as official policy, then that is an imposition, a violation of the rights of private property holders, an infraction against the freedom of association."

A new way to make it harder for women to get jobs: "The union that pioneered extra time off work for women suffering painful periods yesterday argued it was time menstrual leave became common in Australian workplaces. The National Tertiary Education Union was the first to negotiate an extra 12 paid days off a year for women at four universities. Eight years later the Australian Manufacturing Workers Union has lodged a log of claims with car manufacturer Toyota including menstrual leave".

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