No, Productivity Does Not Explain Income
Why a widely-held view about productivity that is foundational to the claim that people are paid what they deserve does not hold up to scrutiny.
Read more...Author Archives: Yves Smith
Brexit Breakup
More consternation about Johnson’s possible Brexit moves.
Read more...U.S. Healthcare Industry Could Be Decimated by China Trade War
One way China could mess with the US.
Read more...Links 8/10/19
Austerity Has Made People Less Prepared for a No Deal Brexit
The government says it’s preparing for a Brexit crash out. But ten years of spending cuts have made the people of Britain intensely vulnerable to economic shock.
Read more...Bleak Financial Outlook for US Fracking Industry
The poor economics of fracking may finally be coming home to roost.
Read more...How Capitalism Exploits Our Fear of Old Age
Pondering the challenges of being old now.
Read more...Links 8/9/19
Deskilling Among Manufacturing Production Workers
More evidence of how manufacturing workers have taken it on the chin.
Read more...New IPCC Report Warns of Vicious Cycle Between Soil Degradation and Climate Change
This Real News Network interview with Diana Ruiz of Greenpeace covers yet another dangerous effect of global warming: soil degradation and its knock-on effects.
Read more...Why I Hate Houses
Houses suck.
Read more...CalPERS Staff Caught Out in Yet Another Power Grab, Tries Gagging the Board With Staff’s “Board Code of Conduct”
The CalPERS board continues to waste time on tinpot tyranny rather than focusing on the challenge of the penion system’s substantial underfunding.
Read more...Links 8/8/19
5 Reasons Why Trump’s Venezuela Embargo Won’t End the Maduro Regime
Why the sanctions on Venezuela aren’t all they are cracked up to be.
Read more...Doctors Argue Plans To Remedy Surprise Medical Bills Will ‘Shred’ The Safety Net
A PR campaign presenting the consumer fraud known as surprise billing as beneficial doesn’t stand up to scrutiny.
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