Very depressing.
Posts Tagged ‘Unemployment’
At 77 He Prepares Burgers Earning in Week His Former Hourly Wage
Monday, September 30th, 2013Wildcatting: A Stripper’s Guide to the Modern American Boomtown
Saturday, July 27th, 2013More than you ever thought you would want to know about stripping in Williston, North Dakota. Wildcatting: A Stripper’s Guide to the Modern American Boomtown. From the article:
Traveling intensifies everything about stripping. Good nights feel twice as good, bad ones make you cry and question everything. When things are going well, the crappy motel has character and its quirks are tolerable. When they aren’t, every irritant is a reminder that you’ve forsaken the comforts of home to seek your fortune.
Really, do go read the whole thing. If, like me, you like to reason through the economics of any situation, it is full of interesting little bits to cogitate over.
In my current state of unemployment, I’ve thought about going to North Dakota for the money. The article hasn’t killed that thought. It doesn’t romanticize life out of town either. Heck, I should know, I’m the guy that went to Mauritius in hopes of finding a decent paying job.
The Great K-L Substitution
Tuesday, June 18th, 2013To me, this, along with factor price equalization, is the most intuitively plausible account for trends in the distribution of income over the past twenty years.
I also think this is an important reason for unemployment. Capital goods are getting less expensive every day, pushing people out of the work force. They are not yet cheap enough for us all to have our own little factories in our garages. Maybe someday…
I do have a few good ideas.