Labor and Wages

Recorded in Orlando, Florida, on May 14, 2022.

In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.

Arguments for equal pay are popular in our body politic, but what happens if some of those arguments are based upon the faulty logic of the labor theory of value?

Bob critiques the economic views of Yuval Harari, who predicts “useless people” because of technological advances.

Arguments for equal pay are popular in our body politic, but what happens if some of those arguments are based upon the faulty logic of the labor theory of value?

Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases.

Jeff and Bob discuss the dynamics of the housing market in the context of a recent talk by Alex Pollock.

Opponents of markets claim that worker wages have not kept up with worker productivity. This incorrect claim is based on two mistakes in estimating wages. 

Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.

In real life, the labor market includes government employers. So the fundamental question is whether or not a laborer can morally seek out the highest wage offered by all employers.