Category Archives: Labor

Leaving Canada out of NAFTA Racializes Trade

With the absence of any mention of Canada from all NAFTA discourse, the idea of scrapping, or “renegotiating” NAFTA has become convincingly less about “trade” and more about the United States having problems with people with brown skin. This Politico … Continue reading

Posted in Economics, Labor, Political Economy, Race, Sociology | Leave a comment

Revisionist History: The 2008 Financial Crisis, Human Resources (Micro), and the Structure of Labour & Capital (Macro)

Hindsight isn’t always 20/20. So far removed from 2008, many politicians, and some economists have reframed the events of 2008 as the “Financial Crisis” in a way that didn’t make it seem so bad. In fact, it was a global … Continue reading

Posted in Economics, Labor, Markets, Political Economy, Public Policy, Socioeconomics | Leave a comment

An Open Letter to Alberta Canada

Dear Alberta: The CBC says that Albertans think that non-Albertans do not have sympathy for you. Well, I do. But my sympathy goes beyond the masses of people unemployed. My sympathy extends to you in being duped by economists and … Continue reading

Posted in Demand, Economics, Environment, Labor, Markets, Public Policy, Sociology, Wages | Leave a comment

The Art of denial: 1982 Edition

Sociologists (and others, I don’t mean to pick on one group) are still insisting that people are being forced to work more hours in the exploitation of labor. While this was certainly the case in 1982, a lot has changed … Continue reading

Posted in Labor, Sociological Theory, Sociology | Leave a comment

The Social Construct of Purchasing Power Parity

Why are some countries rich while other countries are poor? And how is national income distributed? It really depends on how poverty and prices are measured and compared. One common construct used by the International Monetary Fund (IMF) is the … Continue reading

Posted in Labor, Macroeconomics, Markets, Poverty | Leave a comment

Let’s Stop Pretending

Let’s stop pretending that economists or politicians really care about the labor force. Okay, maybe not ALL of them, but certainly the “big dogs.” With the Federal Reserve indicating that it’s going to raise target interest rates, there’s a lot … Continue reading

Posted in Economics, Labor, Macroeconomics, Political Economy, Public Policy | Leave a comment

Interest Rate Obsessions & Social Costs

There’s been a lot of talk, speculation and sheer obsessional madness in the econosphere about the possibility of interest rate increases from the Fed. Yes it’s bad for markets, it’s bad for the economy, it’ll cause a recession, and all … Continue reading

Posted in Economic Theory, Economics, Labor, Macroeconomics, Poverty, Public Policy, Socioeconomics | Leave a comment