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Jobs Move to the USA

Written by Gary North on March 5, 2012

Here is a man bites dog story. The Caterpillar Company has closed a Canadian plant and has moved back to the United States. The union in Canada refused to take a 50% pay cut. So, it will now take a 100% pay cut. This is great for American workers. It is fitting for union members […]

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The Job Market Is About to Get Worse

Written by Gary North on February 22, 2012

President Obama hopes that good news on the job front will guarantee his re-election. That hope is about to hit the statistical wall. A hullabaloo broke out on February 3 after the BLS released its jobs report that indicated that a surprisingly robust 243,000 jobs were created in January, and that the unemployment rate had […]

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Jobs of the Future: What the Experts Tell You Is Wrong

Written by Gary North on February 7, 2012

This is a cogent assessment of what lies ahead. Ignore this at your peril. This is from a college professor of chemistry. His message is different from what you might expect. It has been true of my career. _____________________________________________________ Let’s start with the three Laws  of Future Employment. Law #1: People will get jobs doing things […]

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So, You Think Your Pension Fund Is Safe. Surprise!

Written by Gary North on February 3, 2012

Employees of American Airlines worked for years on the assumption that they would receive a pension. But that legal obligation may not survive America Airlines’ bankruptcy. Companies and cities see this as a way out. They can drive a hard bargain with unions. Who do you think unions worry about most? Existing workers or retired […]

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Abbott and Costello on Unemployment

Written by Gary North on February 3, 2012

Maybe you remember Bud Abbott and Lou Costello. They are still famous for “Who’s on First?” What if they did a routine on unemployment in America? It might go like this:   COSTELLO: I want to talk about the unemployment rate in America. ABBOTT: Good subject. Terrible times. It’s about 9%. COSTELLO: That many people […]

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Hatchet Job on Apple

Written by Gary North on January 30, 2012

On the CBS TV news program, Sunday Morning, the cover story was a hatchet job on Apple. It exposed a Chinese firm that supplies with some of their products. The company’s plant is huge: over 400,000 workers. Most workers that we could see were young: twenty-somethings. They were all dressed in Western clothes: T-shirts, jeans. […]

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National Employment Data Base: Backdoor ID Card

Written by Gary North on January 30, 2012

A bill has been introduced by Congressman Lamar “SOPA” Smith of Texas. This bill, if passed, will create a national data base. By law, every employer will have to submit the applicant’s name, Social Security number into this data base. The data base will then tell the employer if it is legal to hire this […]

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Establishment Economists Call for More Taxes on the Rich

Written by Gary North on January 17, 2012

Mark Skousen, an Austrian School economist, attended a recent meeting if the American Economic Association, the professional association of academic economists. He has reported on the views of major Keynesian economists. The big cannon should be fiscal policy [more deficit spending].” — Peter Diamond, Nobel Prize Economist and New Fed Member Peter Diamond’s Solution to […]

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Gold Reverses, Moves Up

Written by Gary North on January 6, 2012

Gold has reversed this week. Silver moved up with gold. Other commodities continued down. The euro fell below $1.28, indicating that gold’s move is a currency-related phenomenon. “The biggest influence today was the euro,” said Frank Lesh, a broker and futures analyst with FuturePath Trading in Chicago. “People fled the euro and bought gold.” The […]

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