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Good Jobs (13) Robert M. Solow
“The same fear of loss of jobs and outflow of capital has been expressed over the years with respect to other Third World countries, to other poor countries, and here we are in the U.S. now with the lowest unemployment rate in God knows how long. China will compete for some low-wage jobs with Americans. And their market will provide jobs for higher wage, more skilled people. And that’s a bargain for us.”Return to the Commons
Of the many foolish arguments for President Biden’s decision to give $400 billion to people who borrowed to attend college, one stood out for its inanity: “Women owe over two-thirds of student debt,” tweeted Senator Elizabeth Warren. “Canceling student debt would help give millions of women a fair shot at starting a business, saving for […]
I spoke earlier this week at a private event for a fervently free-market group. Bringing new ways of thinking to such audiences is a favorite pastime of mine, and one of American Compass’s reasons for being. Partly, of course, this presents an opportunity to persuade. As important, I get to hear the questions and counterarguments […]