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Economic comparisons since Whitlam

Forty three years and six months after the Whitlam government was elected, both Labor and the Coalition had been in government for the same amount of time (21 years and 9 months).

In that time:

Annual employment growth was 0.216% higher under Labor. Given the size of today’s labour market that amounts to 25,710 extra jobs per year. Since 1972 565,000 addition jobs were created under Labor.

Bernie and the Filibuster

Bernie Sanders opposes getting rid of the filibuster or changing Senate processes to be more democratic. Why? Likely because his support for the $15/hour minimum wage is just virtue signalling. Doubling the minimum wage over night would displace a lot of people. Smaller businesses with budget constraints would lay off half of their current employees to make up the difference, while larger companies with more resources would double down on automation, replacing human labor with robots/computers/algorithms.

Condemn Joe's Shoe Store

Every Northcote (Melbourne, AU) local has heard of the cocktail bar, Joe’s Shoe Store. But what patrons don’t know is how this bar, and its sister-venue Uncle Joe’s, treat their staff like dirt. They pay below-award wages, ripping us off by as much $11 an hour on Sundays and by more $25 an hour on public holidays.

100% net zero emissions energy

As a gentle reminder, the IPCC report explicitly refuses to endorse calls for 100% renewable energy, and instead calls for 100% net zero emissions energy, which includes renewables, non-renewable clean energy sources like nuclear, and dirty energy sources like natural gas and coal with CCS.

Here are the relevant passages:

The Hong Kong Confederation of Trade Unions needs our support

The Hong Kong Confederation of Trade Unions needs our support today.

Workers in China are being arrested because they want to form their own trade unions. We need your help today to tell the Chinese government that this is unacceptable.

http://www.labourstart.org/go/jasic

Allah Defend New Zealand

In the seven days since the Christchurch terror attack, in New Zealand:

  • All semi automatic weapons have been banned
  • Non-Muslims have begun visiting mosques
  • Non-Muslim women have worn hijabs in solidarity with Muslims
  • The call to prayer has been broadcast on national media.

In Australia:

Democrats 2020 Logo Competition 2!

Another batch of candidates have declared, so there's another batch of logos to review! As always, these reviews are offered in a spirit of good fun, and do not reflect my views of the candidates themselves. In fact, I don't have any views on the candidates themselves, because I am officially neutral.

Monopoly Measurements

In Intermediate Public Economics by Hindriks and Myles (2004) there is a comparison chart of the market concentration in US manufacturing (1987) using the 4-firm concentration ratio and the Herfindahl index (p227). I am thinking of a deviation from perfect competition that the 4-firm concentration ratio can illustration. In perfect competition, the proportion of a market that a firm would control would be equal to the 1/n, where n = the number of firms in the market. Thus in Laundry Manufacturing, there are 11 firms and the 4-firm concentration is 0.93, which looks pretty bad.

Options for Health-Care Reform

Single-Payer isn’t the only possible healthcare reform. My preferred solution would be something like this: (1) use tax incentives to encourage doctor’s offices to switch to a direct primary care model, which would greatly reduce cost [i.e.

Rawls and Hayek

I'm starting to really like John Rawls. His idea of "property-owning democracy" (republican distributism) as the only just alternative to socialism is quite interesting.

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